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Gold/Mining/Energy : Silver prices

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To: GROUND ZERO™ who wrote (7903)	11/2/2010 9:29:16 AM
From: Douglas M. Benedict	1 Recommendation Read Replies (1) of 8010

Sorry to interject here.. your question: when we're looking at resistance immediately overhead Isn't one of the rules of technical analysis: The older the resistance point, the less energy it has? How many 1980-1983 bulls do you suppose are still around just itching to "breakeven" at $25US ? (so they can put their proceeds into 10% plus bonds) secondly, how verifiable is that comment when you consider the energy at the historic $800 gold resistance level?, the then supposed $1000 round number resistance. thirdly, looking at it from a $US centric point puts a lot of emphasis on the VALUE of $25 in US currency relative to exchange rates 30 years ago...never mind the interest rate costs of holding silver then vs today... All just food for thought... ;) or is it just a passing attraction speed bump on the adventure to newfound territory?

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