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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: Hawkmoon who wrote (76347)7/14/2011 7:58:54 AM
From: 2MAR$1 Recommendation  Read Replies (1) of 217661
 
Gold been playing up near 1600 this am, Au above $39 and near that $40 R... actually gone further than that $38.50 pivot very quickly

Agq trading up to one top pivot here at $209 (+10) early trading , SLV also testing top channel here near $38....what a difference a week makes , though really thought the Fed would wait at least till Aug for some mention of further easing . ..
what was i thinking ? <gg

Initiated short early here @ $208 top-resistance which may or may not be long lived but has worked before if this channel top holds true .... SLV could break up too but $38 also strong pretty strong top- R here ...but a further break up exposes $40.

Plan to be nimble today...with gold, the focus remains on inflation expectations, with silver traders sizing up the economic growth cues in the US Retail Sales and JPM second quarter earnings reports later this am against the prospect of more QE3?
How do we make this stuff up ?


$208/09 top pivot, just taking the trade here , hoping $40 stops the advance

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