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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: Jon Matz who wrote (128)	1/9/2003 10:41:36 AM
From: Claude Cormier	Respond to of 7833

Jon, No doubt that $325-$330 is a floor that must hold. Otherwise, gold will be in trouble for the next 12-24 months I think. Shorter term, $345-$348 must hold if we do not want to see the breakout zone of $325-$330 to be tested. On the upside, $350-$360 is very strong resistance. If we break through it, I see no reason why we should not test the 1996 resistance at $410-$415. WHat I am betting on? Companies specifics...cause I do not know what gold will do from here. If I had to take a guess, I'd say we retest $330, a level I hope will provide support. Otherwise... sell everything.... but Chesapeake <g>