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Re: porgyrusty post# 1428

Saturday, 01/03/2015 1:43:19 PM

Saturday, January 03, 2015 1:43:19 PM

Post# of 6140
I'd be selling gold here and putting the money into energy stocks which I think are substantially oversold.

The stronger dollar will also impact gold in a negative manner especially as the Fed raises rates.

I don't expect gold to go much below $1,050. No one knows for certain where it will bottom.