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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: TobagoJack who wrote (111374)5/8/2010 9:08:11 PM
From: Crimson Ghost  Read Replies (1) of 116555
 
Gold does look a tad overbought short-term and could drop a little if the markets rally next week. But yours truly will be looking to buy more on even modest dips.

In the 1970s gold bull the yellow at its peak equalled the Dow Jones Industrials. An equivalent move today means $10, 000 gold. Not predicting this; still would not be surprised to see it within the next few years. But clearly the best part of the gold bull lies ahead even if we do not reach $10,000.
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