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Pastimes : The Philosophical Porch

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To: Rarebird who wrote (3975)	4/6/2009 11:14:20 AM
From: Real Man	Read Replies (1) of 26251

In the old days gold would normally trade down into August, since the jewelry demand is seasonally weak from February until then. The market is changing, as investors now account for a pretty large percentage of demand. This is normally a bull market phenomenon for gold, and it should really zoom once this correction is over. I would guess 3-4 more years before it will be time to get off the gold bull ride for good. Right now jewelry demand is very weak, and gold disconnected from it again.

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