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

To: Jim McMannis who wrote (14975)	9/17/2008 3:01:17 PM
From: gold$10k	1 Recommendation Read Replies (3) \| Respond to of 29622

IMO, Monday's pre-FOMC dip was a successful re-test of last week's lows. XAU has completed Trader Vic's turn scenario 1. break the downtrend (Friday) 2. re-test the lows (Monday) 3. make a higher high (today) Moreover, today's blast in the face of DOW -300 is the market finally acknowledging the safety of gold in the midst of financial turmoil and perhaps also the huge money supply expansion which is guaranteed by so many recent government actions. I expect that the juniors will follow in a while and in breathtaking fashion.