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The rest of the article makes the same point about gold over the last five years. There may well be a blow-off top coming, but we ain't there yet.

It's an interesting use of chart analysis: not to guess at what gold'll be, but what its past pattern shows about it now.

1 posted on 01/12/2011 8:06:18 AM PST by danielmryan
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To: danielmryan

Printing money, debt ceiling about to be surpassed yet again, a credit rating decrease. Yeah...sure. The gold bubble is about to pop. All bets are off when it comes to “charts”. These “charts” never had to deal with the insanity we’re dealing with right now.


2 posted on 01/12/2011 8:23:03 AM PST by albie
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To: danielmryan

Do any of these investment pros who write these articles know about the basic 20/10/10 rule?


3 posted on 01/12/2011 8:26:25 AM PST by stefanbatory (Insert witty tagline here)
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To: danielmryan

The Chinese are hoarding gold, governmentally and individually, and are refusing to revalue the yuan. What do you trust more, gold, or a dollar that can be anything our bankers want it to be?


4 posted on 01/12/2011 8:26:28 AM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: danielmryan

The Chinese are hoarding gold, governmentally and individually, and are refusing to revalue the yuan. What do you trust more, gold, or a dollar that can be anything our bankers want it to be?


5 posted on 01/12/2011 8:26:46 AM PST by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office)
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To: danielmryan

“It’s remarkably easy to find evidence for a position you’ve already taken”

Boy, ain’t that the truth...


9 posted on 01/13/2011 6:31:23 PM PST by MichaelCorleone
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