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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 (38535)	10/6/2012 12:46:09 AM
From: rubbersoul	Read Replies (2) \| Respond to of 218849

Skittishness is a requisite for the eventual bounce.<g> Gold successfully tested support at the 20 dma for the second time and bounced off the 1775 support area. With the golden cross to boot along with China coming back, I'm betting next week is going to be big. I could be wrong, lol. I'm longer than I've been in a while having fully caught this current rally in gold and silver and if I'm wrong I'll whether the storm for a few months because ultimately gold is going to at least 2000 and silver will test 40 at minimum before spring 2013. A 5 buck move on silver would do wonders for AGQ.<g> Also, the Chinese government and investors can buy gold cheaper with the USD being close to 6 month lows. bloomberg.com