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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: pater tenebrarum who wrote (53572)7/28/1999 7:34:00 PM
From: John Pitera  Read Replies (1) of 86076
 
Heinz, I was reading that a guy I know shorted gold at the end of the day on Oct 19th 1987, he says it gapped down 20 buck the next day, so maybe a BK would not bring a reversal in gold.

that said people like gold jewelry and it has been a store of wealth for 6000 years . Gold is not dead, you just need a bear market like this to correct the mania that we saw in the 1970 to early 1980's in gold and the other precious metals.

We are probably pretty close to a turn time wise...ie within a year may less.
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