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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.87-0.8%Nov 13 4:00 PM EST

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To: carranza2 who wrote (66800)10/4/2010 12:13:45 AM
From: TobagoJack  Read Replies (3) of 217753
 
in- / out-tray

player tj (Thu, Sep 30, 2010 at 2:18 AM): It may be difficult to get a meaningful correction as the pressure on gold may be greater than usual in the leadup to usa mid-term as well as possible china policy inflection once the factories gets cranking mid-october onward

I am of two minds, wishing to capture full gain and then get back in cheaper.

God has other plans, doubtless

player 2 (Mon, 4 Oct 2010 00:54:46): technically, all time highs by definition no longer face meaningful resistance, so one has to adjust the consensus data for that fact. i'm only saying that a correction would likely be healthier than an unimpeded run-up, but that doesn't mean one will occur in the near term.

player tj (Mon, Oct 4, 2010 at 1:03 AM): China may not care about technicals; otoh china may play along with gold drubbing at the get go.

player 1 (now): it could become a run-away move....that is always possible when something reaches new highs, and actually - this week's CoT report looks bullish to me (new gross longs by commercials,and small specs increased net short - i.e. they added more shorts than longs)
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