Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 690.31

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Dec 26 4:00 PM EST

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To: Vendit™ who wrote (43695)	1/11/2013 10:17:06 PM
From: GROUND ZERO™	1 Recommendation Read Replies (4) of 220801

I think the bull market is over for gold, at least for now... I think the reason gold isn't rallying is because the real unemployment rate is still very high, much higher than the phoney 7.8% reported... when the real unemployment rate goes down and returns to normal and people are really working, then we'll see the velocity of the dollar increase... the typical velocity of the dollar is around 11 annually, right now it's just under 7, this is pathetic and historically low... when the velocity returns to near 11, it will mean that people have money to spend and are spending it, then we'll see more money chasing after the same amount of goods as it begins to deplete the inventory... then, inflation will begin to become obvious... and that's when gold will come to life... GZ

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