Sunday, October 15, 2006

GG (gold play via equity)

GG: gold is oversold following a commodity decline – GG –several stock specific news drove stock lower

20.35- October 4th lows remain a key trading support .

Looking for recovery both in Gold and GG – an equity play based on macro extreme. At the same time a high beta play in a overdone negative name.

Since May correction, and following a heavy correction, there is a solid trading opportunity here –with defined exit.

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