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Royal Gold, Inc. Message Board

  • drblackcat drblackcat Feb 10, 2005 12:19 PM Flag


    If we take Sinclair the other day he was flat. Looking at patterns, he probably went long yesterday. He always says sell into strength but I am hoping for a little more strength. What do you think? We have had a nice run so far.

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    • Today is a good day, but like Sinclair said last night, the big profit will be in holding through it. The risk is to sell it.

      I think today is an inflection point in the $ and it will pause a little at USDX .80 with gold at 434 (next week), but then quickly plunge below suport and gold will quickly run back to 455 and chop there briefly before a panic run over 500 before May.

      K, and GSS are going to fold up by multples during this time, outperforming the metal itself. The spin has collapsed and there is nothing to support the $ at all.

    • Am tickled to see that my gloomy view of the pm's is having a day of reprieve....Tremendous weakness in the Dollar/Euro over past few hours, and obviously gold and silver are reacting quite nicely. Btw, Mahendra I think spoke of silver very favorably a few days ago.

      Let's hope it is not a one-day-wonder.

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