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Reminder of what Peter last said on Gold
posted on
Dec 11, 2009 11:32AM
I’m looking for a bottom in gold between the 50-Day M.A. around $1,094 and the lows around $1,125. You can see how severely overbought we were. The absolute worst case, which could come on the heels of a breakout in the U.S. Dollar Index, is the $1,025 area,. I think such an event would be some Christmas gift but I wouldn’t wait by the chimney for this one.
