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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%Nov 4 4:00 PM EST
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To: Maurice Winn who wrote (100690)5/20/2013 10:27:49 PM
From: bart132 Recommendations  Read Replies (2) of 217541
 
Hedging/shorting my physical positions and other trading since the $1923 peak and silver since $50 has me doing better than the stock market, but thanks for your concern.

As far as $900 the real drop in the mid 1970s, using LBMA PM prices, was about 48% which would translate to $1007. I doubt it'll break below $1150 for long, if at all, especially given the honesty and track record of TBTFs and similar upstanding institutions.

Good luck on your bet that oil will get cheap, whatever cheap means in dollars. Do you have a target price?
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