GOLD gold futures
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  1. $pecialist
    885 Posts.
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    02/12/07
    14:46
    Post #: 3068866
    Bruce,

    The Gold:USD chart remains in a confirmed uptrend. Possible consolidation at these levels before moving higher. IMO.

    The HUI:USD looks ominous with a 95% probability of reversal. However, the true measure in this case must be the Gold:USD comparison as the Gold stocks have underperformed the price of Gold.

    IMO if the yellow metal does move above $850 at some stage I would expect a gap up of Gold stocks.

    Certainly, interesting times and I can see why many would choose to sit on the sidelines….
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