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Politics : Welcome to Slider's Dugout

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To: TH who wrote (15823)	2/25/2009 3:10:19 PM
From: Charles Macdonald	1 Recommendation Read Replies (2) of 50739

TH - I am not the sharpest trader in the place, but I think the pullback in Gold should have been expected here. We have had a nice pop into the upper trading range. We are still well within the overall channel. On a complete flush, 920 and then something in the 880s would not be out of the question. IMO - this is overall positive for Gold. It wasn't going to break 1000 on the first, second (and maybe third try). That would announce that the powers that be have lost ALL control - and they can't have that <g>. Gold is going to do it's thing. It is just going to take it's own time. The cat is out of the bag - They may be able to corner it for awhile, but they ain't getting it back in the bag... This is GLD daily.

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