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To: yard_man who wrote (963)12/7/2009 7:50:44 AM
From: Real Man  Respond to of 990
 
Gold was known to crash 10-20% during most extraordinary
intermediate term moves. So far it's just 6%, an the weekly
chart is still overbought. Yes, I am looking to add into the
crash, but I don't know if I'll do it today. I did it on
Friday. Technically we could see prices below 1,100,
and the metal could easily re-test the breakout over 1K and
still be intermediate term bullish. 1,070 is one of the
numbers I have. There is, however, a problem with dipping and
downside targets in bull markets - they might never be
reached, which is why my strategy is just to fade the gold
crash.



To: yard_man who wrote (963)12/7/2009 10:27:48 AM
From: Real Man  Read Replies (1) | Respond to of 990
 
Yes, and I am buying back some more today. I'd rather "sit"
on it through this correction, but since I sold some, I want it
cheaper, possibly. It could fall all the way to 1070.
Nice chart from Jesse, FWIW.

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