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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 366.09-0.1%Nov 6 4:00 PM EST
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To: Jim McMannis who wrote (25556)8/23/2011 12:07:20 AM
From: GST5 Recommendations  Read Replies (2) of 29622
 
I think the main reason for a pause is little more than giving people a moment to get used to where gold is headed. The idea that most of us will never again be able to afford a simple piece of gold jewelry will take some getting used to -- but you might as well start now. Gold will become risky to wear in public. After a perhaps lengthy pause, the focus will come off gold and upwards we go from there. It will be tempting at 2500 to get off the bus for a while. $2500 is also close to a ten times move up from the bottom.
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