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Message: Re: At $800 gold, the LC reserve is 22.454 million ounces

Re: At $800 gold, the LC reserve is 22.454 million ounces

posted on Aug 31, 2008 09:46PM

That's the key, temporary shock. These always pull back as traders exit on parabolic moves. A sustained rise into a permit would create a momentum play that could carry us higher. Traders exit on parabolic moves. Momentum players enter on sustained momentum moves.

Just my opinion but that is how I woudl play the two scenarios

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