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Claude Cormier

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Claude Cormier

Re: Ace Hanlon post# 75487

Wednesday, 02/12/2003 4:40:56 PM

Wednesday, February 12, 2003 4:40:56 PM

Post# of 704041
George,

Gold stocks are holding better right now simply because they are taking this opportunity to reconnect with gold.

Gold $350 is important here. It is on the 50 DMA and just below the 50% retracement. On the other hand, $355 is gone although it should have been major support since it was major resistance on the way up.

I think we could easily retext the breakout triangle where the 200 DMA is.

Still there are some excellent bargains shaping up.
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