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Strategies & Market Trends : Ride the Tiger with CD

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From: sporky	5/24/2006 8:28:35 PM
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Just looking back at the 1975-1980 gold chart. Notice the upward logarithmic pattern developing from 77-80 like we have the last 6 months. Also notice that twice during the period of 77-80, POG corrected about 15-20% and then reversed to the upside quickly. Also note that the entire rally lasted two years after it broke resistance before topping out in the intermediate term in 1980 at around 850. Also note that the typical slow months of May - Aug did not apply during that bull run as POG did not take a break the entire two years, apart from those two short brutal corrections in Nov 78 and Oct 79. Interesting....check it out kitco.com

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