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AUY: I am just too bullish to stand on the side any longer

element6 posted on 02/13/07 at 07:00 PM

So my trading type has changed slightly.  I am more relaxed and thinking long therm (months instead of days/weeks).   I love AUY and am so bullish I decided not to wait for a deep correction.  I entered a position into AUY (100 sh) and will add in the next few days as soon as momentum is confirmed.  There is mumblings that with the options expiration this friday, there will be further weakness down to the $12's.  If true, I will add another 100 shares.  I believe AUY has significant upside potential if gold stocks break out.  Gold stocks seem to be lagging bullion so either stocks will play catch-up or bullion will correct.

I am aslo watching crude prices (USO) like a hawk for a nice upside reversal to confirm a new support line.

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Posted by element6 on 02/13/07 at 07:00 PM

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Anonymous
Posted February 14, 2007 (07:00PM)
dude, mining for precious metals ruins the enviornment and takes advantage of the poor in those countries

use the principle of the veil of ignorance baby

jezuz
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element6

Member since: Nov 06
5 Day -14.78%
15 Day -3.57%
1 Month 11.81%
3 Month 7.99%
6 Month 0.78%
As of: 01/06/09
How is this calculated?
Trades 129
Trade Notes 12
Blog Posts 22

Age: 30's
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element6
Posted February 15, 2007 (07:00PM)
Dear Green Peace, I believe, as a whole, humanity is loving, caring, and respectful of others and our environment.
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