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thorburn

10,404 Posts.

21/09/14

19:50

Post #: 14006975
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Originally posted by thorburn ↑

jr, with US interest rates rising in the first half '15 the USD should rise. Commodities most likely get hit as well as emerging economies and their currencies.

Therefore the POG will become precarious. I'm looking at gold possibly under $950 and there will come a point where the secular bear market will resume. After this past week some extra financial maps have been laid out.

Some time, probably Q2, gold mining stocks might get a thumping. Up till then I can't see me be shorting or going long on anything associated with gold. This could get quite ugly.

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re. post 3231 " bear market will resume"
obviously I meant "bull".
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