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

To: Jim McMannis who wrote (46010)7/23/2013 2:32:23 PM
From: Rarebird  Read Replies (2) | Respond to of 48092
 
As you know, it's not rates that matter; it's the inflation rate in relation to rates. Last employment report saw an increase in hourly earnings of 10 cents. Lots of upside targets need to be broken: 110 on the XAU for one; $1400 on the POG for another. The rally off the lows looks more than countertrend. But we will find out soon enough.



To: Jim McMannis who wrote (46010)7/23/2013 2:42:16 PM
From: Rarebird  Read Replies (1) | Respond to of 48092
 
Jim, we never had this strong end of day action in the Miners before. Most were looking to take profits by the end of the session and on Fridays ahead of the weekend. Dips are now being bought with a passion.

This rally has already surpassed the other 15%-20% bounces by almost double the amount.


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