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

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To: loantech who wrote (91175)2/3/2008 9:34:27 AM
From: Robin Plunder  Read Replies (2) of 110194
 
He has quite a few gold recommendations, top secret tho, confidential to subscribers...I reccommend his letter tho, he has been quite accurate, calling the bottom in 2003 in the general stock market and going bearish again last year....not so sure about the gold chart service. It seems like the charts for gold stocks often get "broken", only to recover quickly, as an example last august the xau and hui spiked down thru "strong support", and then came straight back up and on to new highs. I suspect the pros are looking at the charts and cleaning out the sell stops at opportune moments.

Even with all our angst about the gold market, if you look at a weekly or monthly chart, it has basically gone straight up since 2000, so it would be hard to avoid making money if you just hold on. At some point, it may take a significant correction...if Harry could give some warning of that, it would be useful.

Robin
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