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

To: GROUND ZERO™ who wrote (27760)	5/23/2012 2:45:07 AM
From: NOW	1 Recommendation Read Replies (1) \| Respond to of 29622

" but frankly, I suspect these lows may never be seen again..."

To: GROUND ZERO™ who wrote (27760)	5/23/2012 11:25:46 AM
From: Nevada9999	2 Recommendations Read Replies (1) \| Respond to of 29622

I could see gold getting to 1480 to test the bottom of the bull flag channel on the weekly chart. There is good support at present levels also though. Seller beware. There has been a whiff of gold stock outperformance over gold lately. If gold stock indices hold recent lows they should lead the way up and signal the end of this correction. This would relate to a divergence of gold from commodities since gold is a currency not a commodity. The global economy looks weak and currencies controlled by highly indebted countries must be weaker to avoid debt defaults. Government control of gold is tenuous.