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

To: NOW who wrote (12136)2/22/2008 4:25:44 AM
From: rubbersoul  Respond to of 29622
 
I say gold continues to zig-zag here slowly moving upwards till the next Fed cut? That's what happened during the last consolidation period. Both consolidation periods (Nov-Dec., and late Jan-Feb) were pennant formations (larger triangles, smaller triangles) as noted by some old guy I follow.



To: NOW who wrote (12136)2/22/2008 10:38:51 AM
From: gold$10k  Read Replies (3) | Respond to of 29622
 
I prefer XAU and GDX as gold stock indicators. HUI can be too wild for my taste. This looks like a pullback to the breakout point or upper triangle boundary, but who knows what other mischief Da Boyz might have in mind.



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