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Gold breaking the $1,100 barrier [again].

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  • Gold breaking the $1,100 barrier [again].

    It just happened now, while everybody is sleeping:


    Same thing for the last TEN YEARS: Stocks are trading sideways and gold moves down a bit, but up a bit more...

  • #2
    Re: Gold breaking the $1,100 barrier [again].

    Originally posted by LargoWinch View Post
    It just happened now, while everybody is sleeping:


    Same thing for the last TEN YEARS: Stocks are trading sideways and gold moves down a bit, but up a bit more...
    Till it doesn't. (Don't know when that day IS exactly, but I DEFY you to find someone who claims that it will never come, call it BOOMPOOM!)
    Last edited by jtabeb; February 15, 2010, 11:18 PM.

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    • #3
      Re: Gold breaking the $1,100 barrier [again].

      Originally posted by LargoWinch View Post
      It just happened now, while everybody is sleeping: Same thing for the last TEN YEARS: Stocks are trading sideways and gold moves down a bit, but up a bit more...
      If gold follows its long-term bull market trend, it should be about $1130/oz now, rising by about half a dollar per day. IMHO, it is not high enough to sell and not low enough to buy. If it goes to ~$1250 within a month, I will sell my GLD calls. In my experience this will be followed by the annual gold takedown to about -10% to -15% of the long term trend.
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