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01/12/07
19:54
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Certainly, conflicting views....
Statistically, the Double Top in this case is unreliable as gold is in a Bull market. So there is a 81% probability that the trend will resume.
Fundamentally, the case for Gold has not diminished. Infact, many would argue the opposite.
I can't see valid reasons for the demise of Gold as it continues to be hoarded (perhaps in anticipation of dire times ahead)?
Further Rate cuts by the Fed, an almost certainty.
Gold continues to be talked down, even manupulated to the extreme. Yet holding $800 region.
The case for Gold is very strong. imo.
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