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Tuesday, September 05, 2006 10:50:35 PM
HUI breakout
Target 400
NEM still w/in triangle
Gold chart initial breakout, but may fill gap at some pt. Still needs to breakout above previous uptrend support or at least take out 650 w/some zeal. Gold stock typically lead so it's likely gold will have a good Sept. (as usual per seasonality)
Added to the bullish picture are the facts that central bank sales are unlikely to meet their quota and juniors w/in the sector have been acting very well.
Gonna be interesting. Maybe gold stocks are smelling that gold is going to break to new highs later this year or early next. Break of 730 will likely lead to 800 test. I don't think it happens on this run, but ST we could have some fun before more consolidation sets in again.
Target 400
NEM still w/in triangle
Gold chart initial breakout, but may fill gap at some pt. Still needs to breakout above previous uptrend support or at least take out 650 w/some zeal. Gold stock typically lead so it's likely gold will have a good Sept. (as usual per seasonality)
Added to the bullish picture are the facts that central bank sales are unlikely to meet their quota and juniors w/in the sector have been acting very well.
Gonna be interesting. Maybe gold stocks are smelling that gold is going to break to new highs later this year or early next. Break of 730 will likely lead to 800 test. I don't think it happens on this run, but ST we could have some fun before more consolidation sets in again.
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