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Non-Tech : The Woodshed
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To: kimberley who wrote (59454)2/27/2020 4:01:45 PM
From: gold$10k1 Recommendation

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Rollocaster

   of 60918
 
I agree with Horgad and benwood on the miners. This is typical for the current situation. Although GDX et al are related to gold, they are stocks... and will fall with the rest of the stocks. As somebody wrote long ago, when they raid the red-light district, even the piano player goes in the paddy wagon.

As for gold, typically it will retreat to strong support... but will that be $1550 or $1350? The current short-term trading range could still surprise us with a breakout above $1660, but I do not believe that the selling is as innocent as "Dow margin calls" or "when the market is going down you sell what you can".
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