Monday, December 21, 2009

Gold for Christmas?

Make sure you get a gift receipt,  it looks like it's going to be getting a lot cheaper.

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Wave 3 down anyone?

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Note the penetration of .618 retrace point of the last leg up. Below $1000 ought to get attention. Where do you think it would find support at that point , $700 ? And what would that imply for other commodity assets?

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