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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (88699)7/13/2009 10:25:17 AM
From: Real Man1 Recommendation  Read Replies (1) | Respond to of 94695
 
Gold is in a bad season that ends about now. Late July/early
August are normally annual bottoms, and September is usually
very strong. Then of course ... investors are in that market,
so they do drive gold now. On the other hand, if they
decide to allocate 2%, they will buy up all the gold out there
and more <G>

Besides, it's a myth that gold and stocks are correlated -
when the bear just started in 2007, gold went ballistic. Then
it started dropping in March 2008 when stocks bottomed,
predicting the rise of the dollar (from ashes)

Gold absolutely loves the printing.