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Weekly XAU/gold ratio chart
el duderino - Sat, Jul 31, 2010 - 07:14 PM
This ratio not painting a very pretty picture at the moment for the mining stocks. Dead Italian mathematician retracement shows a weak response from the mining stocks to the price of gold and they are still in a long term decline. A major move above the trendline might induce me to get over my PTSD that still grips my poor addled psyche since I watched AEM go from 80+ into the 20's in Oct. '08.
Image #1:
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Weekly XAU/gold ratio chart
el duderino - Sat, Jul 31, 2010 - 07:14 PM
same diffel duderino - Sun, Aug 1, 2010 - 12:37 PM
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