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Non-Tech : The Woodshed
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To: TH who wrote (42062)12/7/2006 10:36:00 PM
From: SwampDogg  Read Replies (2) of 60929
 
No I mean if it doesn't get whacked in the morning than $680 is likely in the coming weeks.
For the most part I am buying and holding. Just trading around the edges. IMO the Fed has lost.This was clear last week when they tried to spook the bond market and nobody listened. They need really strong jobs data to get some mojo otherwise gold goes higher now.
The ironic thing is that the stronger the data the more bullish it is for gold in the IT.
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