Wednesday, November 14, 2007

Peak Gold Removed From Watch List

Peak Gold removed from my watch list. If you are curious as to why?--email me.

Broad Market remains in correction mode--see IBD Big Picture for details. A new market direction will be marked by a follow thru day (FTD) "FTD" is a surge in both price and volume four to seven days after the start of a rally attempt.

I still look for more correction in gold stocks--if further weakness in broad market develops I think gold stocks will sell off as investors raise cash.

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