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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (3284)	4/26/2002 12:03:08 AM
From: Little Joe	Read Replies (3) \| Respond to of 39344

I believe that gold and gold stocks turned short term negative today. This is based on a combination of indicators. 1. Bearish Candlestick patterns showed up in several important stocks today. 2. Bearish divergence on several indicators in several stocks and the gold chart itself. 3. General overbought condition of market. 4. Sentiment indicators are high. I would not be concerned long term unless gold were to close below 290. I sold my ASA calls today for a 150% profit. However that was a short term position and I need to get further out. Also premium on ASA has gotten high. If things remain as is, when I reenter will probably buy AEM calls a lot further out. Good luck to all Little joe