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

To: jimsioi who wrote (14520)	8/11/2008 1:07:29 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 29622

Most gold bugs are in the same boat. Agree it's possible, but given the Euro/Dollar, CRB, COTs on gold, sentiment, momentum etc I think it's less than 50% chance it'll hold. Cracking that moving average and going below 800 again is probably what it'll take sentiment wise to get some real fear again. Right now I mostly see denial and not real capitulation. Not to say the stocks have to bottom ST at the same time as gold. We're getting very close in some respects, but it's still possible for another 10% lower on major issues. I'm likely going to continue to wait for a more confirmed bottom or better prices. At this pt 790 may be a ST low, but I doubt it'll be an IT low. Again nothing set in stone just playing probabilities at this pt.