I expect there will be another opportunity to buy gold at lower prices. Greece is on the verge of default. An actual default would have negative repercussions for the Euro and lend strength to the US$. It is possible that would also weaken gold, at least until the next round of LTRO due in late February. I also think the stock market is overextended and it did not perform as well as it should have given Bernanke's announcement. So, the stock market looks vulnerable. We'll see.
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