Reassuring remarks about gold correction.

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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etnom1

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Reassuring remarks about gold correction.

posted on Apr 01, 2008 01:42PM

In today's "Remarks" Richard Russell (Dow Theory Letters) writes:

How far down is gold fated to correct? As the old song goes, "How deep is the ocean, how blue is the sky?" We obviously don't know. Wife Faye says gold will come down to test support at the 840 box. I won't argue with the Fay-zer because she's a demon when it comes to the charts. Let's just wait and see.

Oh, in case you were wondering, the bull market in gold is not over. This is a correction. Corrections in bull markets tend to be sudden and violent. Declines in bear markets tend to be plodding and dragged out as the item dribbles lower.

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