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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (29866)	3/13/2012 9:57:18 PM
From: rubbersoul	Read Replies (1) \| Respond to of 224228

I think the knee jerk reaction from the QE3 now crowd is to sell their gold but there are those who understand that central banks have actually begun QE3 behind the scenes. Seasonal weakness as evidenced in the chart is also a factor and I think there are those that take full advantage of it. However, shorts have used the recent price weakness to cover their positions: gotgoldreport.com Indian wedding season is about to begin in late March (ends in May) so I think this is a buying opportunity. I've been slowly accumulating positions, selling portions on rallies, and plan to continue to dig in till the end of March which hopefully by then PMs will have finished correcting. Wish me luck, lol.