Tuesday, July 24, 2007

Buy second batch of GIX

Today GIX was pulled back as the Gold Stocks. Although there could be further downside, I bought another batch GIX at $1.98 for long term holding.

Today's pullback of gold stocks seems profit-taking and market expectation of USD rebound from oversold. Never underestimate the PPT's power. The question is how big it is.

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