a golden sunrise !!!!!!!!!, page-15

  1. 1,256 Posts.
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    Geopolitical hogwash. The fact is that gold has held $325 for the past 2-3 weeks and dipped slightly below for 1 session or so. It has held. This price is the Marginot line drawn in the sand by the bullion banks.
    This last week has seen good physical buying and indicates that some shorts are at market buying.
    $330 and the break above it even if its short lived still shows an upward trend and the facts are there that even last night Gold flatlined after attaining its new highs indicating some manipulation was taking place.
    The new bottom has benn set at or about $325 so expect a retrtcement to this level, maybe not as quick as some expect. If gold can hang around the top end of 320 for a few days the next move will be the bang we have been waiting for.
    I am heavy into EMP and consider it to be one of the best priced gold stocks ATM. Pity the market doesnt agree wholeheartedly.
    $20million in the bank, 10% hedging set in high $500's leaves a lot of room for upside to spot gold price. Increase in reserves of 35% since last spike in gold above $330. Dont be surprised if the greatest % moves come from this little watched goldie. Only recently traded on CHESS and a market cap that is realistic at or about $50million. It will be one of the better mid cap movers over time.
 
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