Thomas
DeChastelain
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Bullion Charts and Commentary
posted May 13, 2006 at 06:24PM

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Notes

Actually just a few words. I would be very careful about putting new money in right now. From a technical picture the odds are against you.

Wait for a dip.

This refers to trading positions or for adding new position. If you have good entry points in good companies and are comfortably in the green then I would be very wary of trying to "time" an exit and reentry.

Forget about the 200 dma...in Phase II type markets they are rarely tested. I suggest the 50 dma will become the defining support metric. Bob Hoye, in a recent article on 321gold suggest the 20 ema.

Bullet Bullet Bullet