Market Update: Gold Stocks Correction Is Probably Over
Posted by Frugal on June 15th, 2006
I am going to buy on any weakness for now on. For today, maybe near noon EST. Worst case for HUI is probably $550/2.02 = 272, and I doubt that would happen at all. $GOLD:$HUI made a double top on Tuesday. The ratio topped out at 2.10 twice, and I don’t think it will look back.
BUY on ANY pull-backs.
Man, I got chickened out yesterday. The stock I sold just opened 10% higher.
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