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HUI Breaks Resistance - Gold Stocks to Rise

  
Monday, September 04 2006 @ 10:19 PM EDT

GoldThe HUI finally closed above our key resistance level of 353, albeit just barely. A beautiful ascending triangle has nearly completed and the RSI turned up nicely. We will still wait for next week's open to confirm, but this very well could be the time we have been waiting for. If 353 holds, we don't expect any resistance until at least 420. That move represents a gain of 20% and could happen in a hurry.


   
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