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kirby49

01/27/04 3:44 PM

#1593 RE: Croesus I #1592

Yes, well if you look and check the post I made about them, I was calling for a bottom in the goldies yesterday and the end of this latest correction. Yesterdays prices or a little lower would be a good place to have stops in case this is just a second bounce and then down we go, or this one will have to take out the tops from Dec first when we go up. We're pretty much at the same point from last year when the top was set at the end of January, but the year before, we went all the way to June. Last year we knew the war in Iraq was coming soon and gold was hammered down prior to that. Anything new on the war/terrorist front would be a surprise this year and send it higher. Don't really think that needs to happen for it to get higher however. As I've been saying to Chris since POG got over $400 Dec 2nd, what more do you want. The irony is that for the equities it was priced in and they've been sliding since. Just in my mind I think of it as a descending pennant on a flagpole in an uptrending market which is due to finish coiling and break to the upside.

BWTFDIK?
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Croesus I

01/27/04 3:49 PM

#1594 RE: Croesus I #1592

slo to post but in VAS.to @ 9.24 & in BBD.b @ 5.81 <eom>