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Politics : Welcome to Slider's Dugout
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To: Jamey who wrote (1628)5/18/2006 11:23:14 AM
From: Crimson Ghost  Read Replies (2) of 50482
 
I agree that gold is in a secular bull that will push prices far above $1000 per ounce within the next few years.

But short-term we are greatly overbought and a severe shakeout is needed to set the stage for the next huge advance.

But to compare the current gold jump with the 1980 surge that ended the 1970s gold bull is absurd IMHO. For one thing gold still is well below its 1980 peak and hugely below it it in real terms.
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