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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (257985)	7/1/2010 1:25:36 PM
From: TH	Read Replies (1) \| Respond to of 306849

PV, My thinking is the wacking in gold is going to be very short-lived. As soon as the street figures out that the move in the Euro is not sustainable, gold is going to move up quick. The Euro is only moving because of short term liquidity concerns. The situation has not improved in any significant way, and as bad as the Dollar is, the Euro is worse. zerohedge.com Also, huge short positions in gold. They will cover in mass. We have seen this play so many times, usually with higher lows for gold at the cover point. I'm not ready to put on full positions with the miners, as the NFP scares the hell outta me, but I might add at the right price. Or I could just sell everything as the world implodes! GT TH