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Welcome to the ALLEY CAT NEWSLETTER !

July 20th, 2007

 

[Most Recent Quotes from www.kitco.com]

 

GOLD PRICES/NEWS

In our last newsletter we talked about possible lower prices for gold. And on the upside I would want to see a close above $675 to feel more confident in gold. Well we got the $675 close in gold and it has move up a few bucks since then.
I am still a bit shaky on it though I would like to see it close above $700 before really thinking this will be a sustained rally. The breaking on the weekly trend I talked about last time can't be discounted. I think it is possible to get a double top up in the $690-$693 range and that maybe the top of it.  If I had to do something I would probably look for a short at that range with a stop on a close above $700. That offers good risk/reward (risking about $10 with possible $50 reward)
We will see what plays out. I wouldn't short it at this point but wait until it gets around $690.




ALWAYS LOG INTO EGOLD VIA https://www.e-gold.com bookmark it, and use your bookmark to go to the site rather than via any e-mail or link online.

PLEASE USE YOUR HEAD WHEN IT COMES TO E-MAIL. Egold/Paypal will NEVER e-mail you asking you to log in, so when you get an e-mail like that DELETE IT.

 


You can always find the current issue of Alley Cat News on the website under Newsletter.

StockDoubling.com


Not much has changed since last newsletter. We are still in DFNS and currently are up about 20% on the trade. I am still looking for a big move on August 15th area when they release their 2nd quarterly report.

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THE NEXT NEWSLETTER, LORD WILLING, WILL ARRIVE IN AUGUST 2007!


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