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« Agnico Eagle Mines Limited: A correction arrives. | Main | GOLD: The start of a new move! »

GOLD: Breaks below 200 DMA!

The news of the central banks buying back gold would appear to be incorrect and the market, which initially gained, has now expressed its disappointment.


Where do we go from here? Well here at nothing has really changed. As and when we get the cash we will look for suitable entry points to invest into some of our favourite stocks and a few new ones that we have tracked for some time.

Do not be pushed out of this market, sit on your hands and hold tight that’s our advice and look for opportunities to accumulate if you have the funds.

The outlook for 2007 is one of the best for gold that we ever seen, the money printing presses roll unchecked, China is relaxing the rules on ownership of gold, the middle east does not get any easier, Iran will no longer accept dollars for oil, inflation must be running at 7% to 9% in real terms and so the list goes on and on.

Be brave and expect the occaisional assault on your nervous system that is part of a speculators life. But hold on to your gold mining investment stocks.

05 January 2007

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