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 Gold/Mining/Energy : Gold & Gold Stock Analysis

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To: Jim McMannis who wrote (20463)12/22/2009 6:25:16 PM
From: Andrew of 29397
 
I'm using a different starting point for my lower trendline on the HUI then some other people. Could reach 400. Gold looks like going lower too from my read on chart. Its not a bad thing it consolidating and getting support in the 990-1025 area.

The big sign will be if the HUI gets support around 400 and Gold drops to a lil below 1000. That would be a positive divergence.

Although I did see some signs I usually see at intermediate tops in Gold and the stocks. They are copy righted and secret so dont ask lol.

Bottom line I think we churn around a bit in the stocks and maybe a lil lower. V bottoms are for dreamers. Hey could be different this time!


I reserve the right to be wrong by the way!
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