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Tuesday, July 7, 2009

Gold miner bull trend line

The gold miners are once again on the bull trend line starting back in October of 2008. If the miners break through this line, a significant retracement (price drop) may be on the table. If you want, buy some miners here, but put a tight stop to close out the position.

I am keeping my miners, even though I may see a significant retracement. As I previously blogged, if the market tanks, I can't see how the miners don't tank with it.
Short entry today, and for most of this week, I am away on business.
From WebSurfinMurf's Financial Blog

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