Ride the Tiger with CD Message Board

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Strategies & Market Trends : Ride the Tiger with CD

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To: pocotrader who wrote (143985)	1/28/2009 7:00:12 PM
From: Boolish	Read Replies (1) of 313189

Gold is a tricky one to figure out...if anyone throws out a target that is based on anything other than TA it is not worth the paper it is printed on. Too many factors at play that none of us can judge at one point in time. Inflation/deflation, USD and other currency moves, fear bid, geopolitical... Two things that give me a long bias are its ability to hold value when all other assets have being deflating....and most recently its ability to buck USD strength. Talk about posturing for the crowd. Also there are still hoardes of non believers.... That said the COMEX raids on monday mornings and massively volatile swings in gold equities make it difficult to stand resolute in a bullish conviction. Next support level is 860...look for the seniors to lead the next leg up in the physical.

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