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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.10

+1.1%

4:00 PM EST

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To: Little Joe who wrote (11647)	5/15/1998 12:04:00 AM
From: bobby beara	Read Replies (1) of 116836

LJ, Head January 12th Shoulders December 8th March 20th The thing that clearly markes this as a bottoming pattern is the 50 day period into December 8th. Can you imagine a more vertical drop other than a 1987 style crash. At that point miners where selling below book value (some way way below book value and still are) and most gold fund managers didn't own any gold stocks (they were short selling them though -g-) and we had the Death of Gold story. That was the bearish flush, Now it's time to buy the dips. No plunger necessary -g-, we are just walking the wall of worry now. When it hits seventy nine, it would be a fine time, to spend a dime, on your favorite mine bobby b

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