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Politics : Technical Analysis
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To: Beam who wrote (14202)1/18/2014 9:45:04 AM
From: lamboguy  Read Replies (1) of 14245
 
to be honest when i saw this little run in the mining stocks and precious metals, i was thinking that gold was going to $1365 and then a breather or digestion or whatever you want to call it.

right now it looks like there is plenty of juice underneath the market and hardly has any speculative money in it. i am going to let the 200 week moving average be the judge on where gold is going on this trip. it comes down to a time factor. if we go above the 200 week we should go back to the highs sometime this year and quite possibly surpass it. i am using $1830 area for the natural high even though the print was above $1900.

this move is spelling out loud and clear there are some problems going forward that none of us know about yet.

there looks like there is plenty of money to be made in junior stocks. they need good balance sheets to play though. i hate the kind that have no volume, but some of those will be big winners.
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