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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (46232)	8/5/2010 1:26:53 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 70386

Hi Harry: If you pull up $gold for the past two years its bottomed in July and then retested with a higher low. I missed the bottom but purchased more physical last week. I'm still a gold fan on the intermediate and long term, not sure of the short term (I'm cautious on the whole market, lets see what happens after labor day) as gold stocks will sell off with the overall market. I don't like EGO only due to political issues in Turkey. I actually owned it from 5 (on its way to 3) up to 12. Maybe you should look at OGC.TO, I think its safer although EGO's Brazil and China exposure are plusses and someonen will probably take them out in a year or two at $40.