GOLD gold futures
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the games up, page-22

  1. Menta
    10,759 Posts.
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    20/04/11
    17:15
    Post #: 8296569
    The point being, why didn't Pugnacious' wife want to buy gold 10 years ago at $250/oz - before the decade long rally? Because investors herd so they inevitably become fully invested near price peaks. Nobody wanted gold at $250 (including central banks) but everybody wants it now at $1500/oz. And that's precisely why I'm so bearish on commodities & stocks and so bullish on the US dollar (which everyone seems to currently loathe).
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