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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: marginmike who wrote (2732)11/30/2003 11:12:28 AM
From: Rarebird  Read Replies (3) of 110194
 
<I think dollar is about to bounce, and golds sell off as we get our blowoff up here.>

You have not seen nothing yet. I think we blow off in December. As long as $US Gold remains in its nearly two year $US 300-400 range, Gold stock investors in particular will continue to look back at where it has been rather than looking forward to where it is going. When Gold breaks $US 400, Gold stock investors will reorient their view. At some point not too far above $US 400, there will come a sudden and dramatic switch from fear to greed. That's the point at which Gold stocks will take off. JMHO
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