Gold Stocks May Catch up

09/03/2009 3:24 pm EST


Thomas Aspray

, Professional Trader & Analyst

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The gold mining stocks have been lagging gold prices for some time, but many put in an impressive performance Wednesday and today. As an example, Coeur D'Alene Mines Corp. (CDE) broke out of its triangle formation today and volume has been strong over the past two days. The triangle formation has upside targets in the $25-$27 area with good support at $14-$15.

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