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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL -- Ignore unavailable to you. Want to Upgrade?

To: PaperPerson who wrote (4466)	11/12/2011 8:52:40 AM
From: PaperPerson	Respond to of 4690

"They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market. Where I should have made twenty thousand dollars I made two thousand. That was what my conservatism did for me."" Jesse Livermore in 'Reminiscences of A Stock Operator" $$$$$$$$$$$$$$$$ We are in a bull market for gold, and therefore we should already be in a stock that is going up because of this, such as SSL.V. After hitting $1900 earlier this year the spot price only backed off to $1600. This $1600 level is lofty in historic terms, and in fact was the "record" high only a few weeks before the current all time high was reached My conclusion: this is a fast Moving train that only stopped to reload its tanks. gold began accelerating out of the station this week! Take a look at the five year chart and draw your own conclusion! To me, $2100 looks like a reasonable near term target. That coukd mean two months to one year. Please do your own due diligence. This is just my opinion, but I did sleep at a holiday inn. kitco.com $$$$$$$$$$$$$$