Chris Lau - Seeking Alpha

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Tuesday, November 25, 2008

Bullish on Gold

The US Dollar is showing signs of fatigue and is beginning to roll over. This is a bullish signal for gold. Goldcorp, for example rallied by over 70% in the last 3 weeks.

Barrick Gold: reached the magic 38.2% Fibonacci line before retreating. If the stock is able to rally past this, it will act as a support @ $36.70.


The US Dollar may correct by up to 10%:


Don Vialoux Video on Gold @ ~ 7 min :
http://watch.bnn.ca/market-call/november-2008/market-call-november-24-2008/#clip115420
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