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To: Gaffer
Jeeesh! Then what's the solution? Go out and purchase some gold at $522 per?

I wouldn't. Gold is in a bull market but corrections will occur as in any bull market. If it drops back to say 475 or so, I'd be looking at buying then.

The main thing about gold is it is not a "buy-and-hold" proposition. Gold spikes and then falls. It is a short to intermediate trade, and you should have a target in mind for when you want to take the money and run.

108 posted on 12/09/2005 7:39:56 PM PST by hinckley buzzard
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To: hinckley buzzard
The main thing about gold is it is not a "buy-and-hold" proposition. Gold spikes and then falls. It is a short to intermediate trade, and you should have a target in mind for when you want to take the money and run.

Hence the saying " Bulls get rich and Bears get rich, but Pigs get slaughtered".
122 posted on 12/10/2005 1:34:18 AM PST by Kozak (Anti Shahada: " There is no God named Allah, and Muhammed is his False Prophet")
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