Extract from Jim Sinclair's JSMineset 07/05/2011 re the bounce in gold on Friday...
"Dear Friends,
Today's action totally eliminates all and any concern for the price of gold. Today's action lights up the $1764 Angel in gold.
Technical damage always requires technical repair. That type of price action is a perfect set up for a major launch of the gold price in June.
Relax and enjoy your protection and insurance positions.
Regards, Jim"
PLUS this from a trader: (Burn you damned shorts!)
"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader Dan Norcini
Gold to resume it's upward trend?
Can only be good for Focus' share price
Cheers, chicken
FML Price at posting:
7.7¢ Sentiment: Hold Disclosure: Held
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