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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (24546)10/27/2007 9:23:11 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 217944
 
If one looks at the dow/gold ratio, the yellow still is considerably cheaper relative to the Dow than it was at the May 2006 gold top. POG would have to reach the $850 area for the ratio to equal the May 2006 reading.

Also note that commercial shorts declined last week as gold rose. This is almost unheard of and could signal the beginning of a massive short squeeze.