Gold Shares Will Have Their Day

Source: Mineweb.com  (10/11/07)

Technical cyclist Issy Bacher said gold shares will run on the back of the gold price that first moved past the $500/ounce mark, then breached $720/ounce and is now consolidating before it challenges the $850/ounce level. "Gold shares will have its day, just as every dog has its day. When gold shares are ready to run, even serious problems won't depress it."


Gold shares will eventually follow the yellow metal's rise and investors can prepare for this run by observing a few moves and trends in the market.

Technical cyclist Issy Bacher told Mineweb Thursday the first factor to consider before acquiring gold shares was superior strength in gold shares compared to the overall market...

Bacher said gold shares will run on the back of the gold price that first moved past the $500/ounce mark, then breached $720/ounce and is now consolidating before it challenges the $850/ounce level. "Gold shares will have its day, just as every dog has its day. When gold shares are ready to run, even serious problems won't depress it."

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