Dan, I feel that gold is only posturing for a move higher. I think gold will dip down to test at least 385, however I am expecting in no way a crash of the recent rise as far as I see right now. This should only be a shakeout of recent weak hands. The NEXT time gold goes over 400 after it corrects some it may not dip back below for quite a while.
I know many here think the Street.com is a 'right on' site, but to me, they're only a couple of places behind CNBC for aiding and abetting the transfer of mucho monies from America's populace to the crooks of Wall Street.
lol. well i hope i didn't show him any unwarranted respect. believe me, i don't have any for the guy.
so you're saying that you think snow's showing tolerance of the dollar's decline last week was a snow job?
It might be wishful thinking but I don't think gold is going to tank that much (I'm pretty well loaded). The dollar is gaing a little but so far not that much:
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