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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (24103)11/10/2009 10:40:05 AM
From: Real Man  Respond to of 71463
 
Yes, it is true that the speculative position in gold is
currently very large, making it susceptible to a sharp pullback.
However, gold is moving up for a very good reason... one that
always gives it a kick much higher.

I remember Richard Russell saying that above 1.1K gold enters
a mania. It just might do it now. How about 3K? That would
only be catching up with fundamentals, catching up with what
the Fed has done in 2009 alone and not prior to this year.