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February 18, 2010

SHORT SELL ON $ABX (BARRICK GOLD)

Consider short sell on $ABX with scale ins right here at $39.45. Stop zone over $41.16. With IMF sales of gold looming and dollar getting stronger, macro picture is not favorable in the very short term. After earnings this morning the stock is technically overbought. There was nothing in the earnings to prompt the run we are seeing.

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