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

To: TH who wrote (53399)	12/12/2011 2:06:21 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 119362

There are algos for gold and silver don't ya think?

To: TH who wrote (53399)	12/12/2011 4:50:22 PM
From: microhoogle!	1 Recommendation Read Replies (2) \| Respond to of 119362

Regarding Gold. Foreign currencies are doing worse. For e.g. Indian Rupee versus dollar is down about 15% to 18% in just over 3 months. Lot of Gold buying was done by foreigners which supported the price. That price support does not exist at the moment since folks have to shell 20% more in their currency to by same oz of coin that they bought three months ago. Even with the smacking that Gold has taken they are paying more. I don't see gold going up in meaningful way as long as these downward pressures continue or some stepped up buying in countries whose currency is strong at the moment.