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


To: jimsioi who wrote (13495)4/29/2008 11:28:09 AM
From: yard_man  Respond to of 29622
 
375-380 has been the target since the failure @ 460, imo.



To: jimsioi who wrote (13495)4/29/2008 11:43:59 AM
From: Claude Cormier  Read Replies (1) | Respond to of 29622
 
The weekly chart on GLD is showing a Head & Shoulders with the neckline at $86. If this is broken, a potential dive to a worst case $73 becomes possible, although unlikely. Stocks will likely bottom before gold as the H&S on the HUI has already been confirmed.



To: jimsioi who wrote (13495)4/29/2008 11:44:57 AM
From: ecrire  Respond to of 29622
 
Agree about the miners; trading vehicles. not investment, which is something I've been saying for months.

As for the dollar: the rally is not robust; if it fails to rally even with a stand pat Fed, Gold may reverse and fool everybody (including me.)



To: jimsioi who wrote (13495)4/29/2008 3:16:39 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 29622
 
One more day like today and we're there. I still have my hedges, but am getting a little itchy to get rid of them (DZZ and short SLV). Time to get the buy list together.....