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Tuesday, January 18, 2011

Gold Uptrend Unconfirmed says Phil Streible

NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, says gold could still see more selloffs in the short term despite today's rally.

Phil Streible :.."...No we're still gone sideways at the moment I think we get a break through some key levels than the outside like thirteen 92. And fourteen don't nine advocates and close above there will be much more -- in the uptrend is back -- treating and wait for that intact at trends. Yeah I mean we've been -- a little bit at -- calls spreads you can look at what you -- 141450. -- spreads and then you look at the many futures as well at 33 -- futures just got to stop close only below thirteen fifty...."

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