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


To: Andrew who wrote (1067)1/10/2004 2:43:48 PM
From: Wade  Respond to of 29622
 
Andrew,
Nice summary. Thanks.

<GOLD weekly looking to go parabolic?>

That's the word..parabolic.

I have no plan to sell my PM stocks...only some rotations probably. Good luck.

Wade



To: Andrew who wrote (1067)1/10/2004 4:42:25 PM
From: TheSlowLane  Read Replies (1) | Respond to of 29622
 
Nice job on the charts, thanks. I should do one of those for the base metals. Anyway...Kirkland was your first up, I think that's a safe buy here (I've owned it for a while). $4 looks like strong support. They did a PP recently and insiders bought a big chunk of it. Also, they are producing gold now and also have good exploration potential. Some of the stuff they reported recently was showing ounces/ton.

Paul



To: Andrew who wrote (1067)1/10/2004 7:26:18 PM
From: Little Joe  Read Replies (1) | Respond to of 29622
 
Great charts. A few comments. I would not buy goldcorp, except as a short term oversold rally play. I don't know what is going on but among the majors it has one of the worst charts.

A long term perspective on the dollar will show that there is support at in the 82 to 85 range. You need to go back to 1996 to see it. Of course the rule is that the older the support level the less meaningful it is, but if this falling knife rally is going to bounce soon, this would be a logical price level for the bounce to occur.

Pretty much agree with your other comments.

Little joe



To: Andrew who wrote (1067)1/12/2004 1:01:24 PM
From: Yogizuna  Respond to of 29622
 
Yes, that weekly gold chart is definitely going parabolic, and I would say it has already done so to a certain degree.