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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bigbuk who wrote (998)	12/18/2003 2:41:36 PM
From: Andrew	Respond to of 29622

Didnt they go parabolic a few weeks ago. I still think they will go parabolic again after the charts straighten themselves out. I still think the stocks are correcting and I'm expecting Gold to pull back below 400 once to shakeout weak hands. We saw just how fast these can drop. HUI target 186 XAU target 93 Mid to late January. Should the indexes make new highs I might change my mind. In the meantime general markets grind higher, in USD terms anyhow. It would be ugly for Gold stocks too when the markets finally fail and eventually they will. The way the Indexes are going higher led by so few stocks that have high index weighting leads me to think that when the breakdown happens it will be violent. 10600's DJIA and 1120's SP500 are my targets for now in the next few weeks.