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Bob Hoye
Institutional Advisors

posted December 10, 2003


The rally has been likely to be accomplished this week.

  • Momentum () - overbought on the CCI (8).
  • Price - not at the 422 target, but close enough.
  • Timing () - the most likely time for the high would be this week.
  • The Correction - could be quick (around 2 weeks) or leisurely to mid-January.

Gold Shares

  • Senior gold stocks became measurably overbought on November 28 and have been anticipating a correction in gold.
  • The next up-phase should be stronger than the last one.
  • Buy the weakness.

Bob Hoye
December 9, 2003
Institutional Advisors
Website: www.institutionaladvisors.com


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