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zboy2854A
Registered: Aug 1999
Posts: 571 |
11-03-09 07:24 PM
Well, I've been long gold since 2001, so...
However, I find that silver and mining shares' underperformances relative to gold to this point are divergences that are telling us something important. If silver and mining shares don't catch up soon, I'm going to take it as a negative contrary indicator, and will look to get out shortly.
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zboy2854A
Registered: Aug 1999
Posts: 571 |
11-03-09 10:42 PM
Quote from increasenow:
I guess the natural question is now...will it ever dip below $1,000.00 again?
I'll go ahead and say yes, once the deflationary forces currently building come to the forefront again over the next couple years. I'd guess there's a solid floor somewhere around the $875 area, and that's where I'd start buying again after I've sold my current positions.
For what it's worth, I don't believe the truly big run for glory in gold will happen for another couple years at least, though this one has been fun. 
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increasenow
Registered: Feb 2007
Posts: 3494 |
11-04-09 01:24 AM
Quote from zboy2854A:
I'll go ahead and say yes, once the deflationary forces currently building come to the forefront again over the next couple years. I'd guess there's a solid floor somewhere around the $875 area, and that's where I'd start buying again after I've sold my current positions.
For what it's worth, I don't believe the truly big run for glory in gold will happen for another couple years at least, though this one has been fun.
1-so what do you see as Gold's top?
2-so, then is Gold just like Oil last year?
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