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Gold/Mining/Energy : KITCO - Gold discussion

GLD 368.80

+0.2%

4:00 PM EST

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From: mugwump9	6/9/2016 6:43:05 AM
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cryptocurrency rise presages gold/silver rise Since the top in early November at $500 Bitcoin has been in a large consolidation. I have often written about this rising triangle formation and the massive potential. Now the breakout has finally happened and the price for one bitcoin surged fast and furious to nearly $600. Our position is nicely up and we just have to let our winnings run. Of course, bitcoin is short-term overbought and it is not wise to chase the cryptocurrency here. We might get a pullback in the next couple of weeks or months which could lead to a test of the breakout level around $480-$500. Should we get such a pullback you should add to your positions or start buying bitcoins for the first time. Action to take: Hold your Bitcoins. Don't buy here but only below $495 safehaven.com

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