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The pull back from the 2006 high resulted from a massive amount...

  1. jeff65
    438 Posts.
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    27/01/08
    17:56
    Post #: 3293032
    The pull back from the 2006 high resulted from a massive amount of European central bank sales. A similar amount sold by central banks in December 2007 didn't do nearly as much damage to the chart. A big pull back may happen but only if the Fed rate cutting cycle stops, IMO.
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