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Re: AnderL post# 5611

Wednesday, 03/23/2005 12:06:53 PM

Wednesday, March 23, 2005 12:06:53 PM

Post# of 25966
*NXG going forward, looks like a pennant/wedge has played itself out since the $2.58 high. There's strong support at $1.35, and I can't argue with fundamentals that suggest a P/E under 10, this is simply unheard of for a gold stock. So I believe the $1.35 (or there about) support holds, if it can successfully bounce off of that and be able to break out of the wedge than it looks like a retest of $2 would be in the cards...

3-year NXG



Here's the 6-month chart, just pure speculation on my part, but a bottom might be generated on the day that the 10 touches (or crosses) the 50 to the downside, I'd also like to see a nice tail develop that day which kicks into a reversal...




HI-HO SILVER !!!

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