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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NucTrader who wrote (379190)12/18/2008 4:46:49 PM
From: Real Man  Read Replies (1) of 436258
 
Gold is my investment off the accounts, not a trading vehicle.
You can also call it insurance.
It's in a secular bull and is going to 3000 at least if not
7000 before
the crisis is over. I do manage the risk in it now that
it is in interim bear market mode, a bit. It's up YOY, unlike
the DOW. I don't know if gold will fly above 1000 and stay
there now or in late 2009, but I am confident it will do so
eventually, in a relatively short investment time frame of 1-2
years max, and probably sooner rather than later, given ZIRP. -g-
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