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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (85416)	9/17/2008 12:48:06 PM
From: Broken_Clock	3 Recommendations Respond to of 116555

I'm not long gold. Wish I was. More concerned with paying off ALL debt. But I like your comment: "Gold is caught in flight to quality after the blow up of the oldest mutual fund this week" except that gold isn't "caught". It is quality. Paper assets are "caught" by a flight to quality.

To: ajtj99 who wrote (85416)	9/17/2008 2:14:54 PM
From: ItsAllCyclical	Read Replies (3) \| Respond to of 116555

If Gold gets over 860 on a closing basis for several days you might be changing your tune. These kinds of moves are not sustainable in normal times, but these are not normal times. Gold is acting as it should - a currency vs a commodity. Gold market is very tiny so I wouldn't rule anything out yet.