Thursday, October 2, 2008

POG

We held the $830 level support and the chart doesn't look all that bad to me. Considering the rally in the dollar and drop in oil, we're just a small run away from getting back to the $870 area.

I know i'm always Gold positive, but I really think we're on the verge of a continuation of the 15% move from where we were 3 weeks ago (at highest point, $925, it was an almost 28% move in 2 1/2 weeks). Anyone whose been trading Gold and it's related products knows that these pullbacks ALWAYS occur after such a substantial move.

These miners are at DIRT CHEAP levels IMO but DYODD

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