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Wednesday, August 10, 2011

AUY

AUY is one of the gold stocks I have been watching because it has a pretty decent price pattern, It finally broke out today, but to put this into perspective, this was over 20 in 2008, and has never come close since. Why this has underperformed bullion so badly is a mystery to me. One thing to be careful of here: it is quite capable of very big down moves, as it had last week.

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