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1 posted on 08/23/2011 7:37:35 AM PDT by markomalley
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To: markomalley

My personal estimate is at some point gold and the Dow Jones Industrial average will meet at about $3000.

There is apparently a hold point for the Dow at 5000 but my guess is Gold meets the Dow at 3000. Once you remove the all the financial foolishness of all the bubbletron market there isn’t much left.


2 posted on 08/23/2011 7:49:30 AM PDT by woerm (student of history)
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To: markomalley

If you can’t stand a ride back to $1750 without a stomach lurch, stay out of this commodity.

It will go higher, but it has some backfilling to do first.


3 posted on 08/23/2011 8:05:41 AM PDT by OpusatFR
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To: gunsequalfreedom

ping


4 posted on 08/23/2011 8:07:46 AM PDT by null and void (Day 942 of America's holiday from reality...)
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To: markomalley
Here's a good graph showing how gold might be getting a little ahead of itself compared to the 200-day moving average (or is entering a new phase).

My opinion is that it's OK to continue to accumulate, or to start to do so, but don't go all in at these prices. Silver is a bit safer, and platinum is much more attractive right now.

5 posted on 08/23/2011 10:03:36 AM PDT by Atlas Sneezed (Government borrowing is Taxation without Representation)
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