Gold and Gold Stocks Should Continue to See Upside

Gold Stock Technician
"In this week's update, we add on to our analysis put forth in last weeks report, maintaining that from our point of view, the path of least resistance for both Gold and Gold Stocks should continue to be ‘on balance’ to the upside in the days and weeks ahead. On a short term basis, we view the sell off of the last few days (and this morning) as nothing more then another near term dip which is in the process of bottoming, and will soon lead to a renewed advance. In the course of any advancing market, there are always short-term set backs which shake out investors who are lacking in a firm conviction. This is the nature of markets and it is important that in order to capture the larger, more profitable advance, investors try to focus less on these types of very short-term swings." (5/28/08)

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