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Thursday, April 06, 2006

Gold Stocks Breaking Out


Gold stocks continue to climb as the price of gold broke $600 an ounce on the NYMEX today. The three gold stocks that I have been watching for technical breakouts are (GG), (FCX), and (BGO) (which I own). The OBV looks very solid for all three gold stocks. FCX also has some exposure to the price of copper, not just gold.

Note: I am long Bema Gold (BGO)

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