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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (45227)6/30/2013 9:11:46 PM
From: Zincman  Respond to of 48092
 
I'm keeping a tight stop on any AU longs here... I suspect a bull trap once again.

Bias is still bully but caution to a quick bearish reversal is wise.

The psychological 1000 AU will be tested... no doubt.

Question is, when.

PG, NGD, GG... the low cost, high grade plays will move out first...w/ a vengeance.

Russia testing waters in a few months w/ their new AU exchange... Time will tell if that will even a rounding error on the bigger market.

I suspect it will remain fodder for the media and gold bulls... and never materize to be a factor at all...