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7 pts

Opinion on  Market Vectors Gold Miners ETF (GDX)     Sector: Financial  >  Industry: Misc. Financial Services
gold will continue to rise

Nov 20, 2007 09:21 PM GMT
Picconnor
Return Risk
+9.22% HIGH
Associate

Fundamental Analysis  

We are witnessing a dual economy.  At home, (because of the housing market) our economy will be entering a recession.  Globally, the economy is booming still, and actually experiencing inflation.  Oil will continue to rise and so will gold.  This is a fairly short term play to 62 but you could stay long gold for as long as oil rises and the dollar falls. 


GDX:  This call was made on 11/20/07 @ $47.9
Rating:   Positive   $47.9 (11/20/07)
Gain/Loss:   +5.82% in 747 days
Target:   $62.00 (+29.44%) in Three months


+ Referring to this analysis:


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Who voted on this idea?
stevenktallman 79% 11/23/2007


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