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Message: Ed Steer's message from Casey about PM action yesterday

Susan, I don't know what everybody is fretting about with these odd short-term movements in the price of gold. Gold is clearly in a consolidation phase and could stay there for many more months. The gold chart since its December 1 peak looks very much like the first few months of NAK's chart since its June 1 peak.

Consolidation phases are erratic and virtually untradeable (at least for me). I think we will just have to be patient, and not sweat little moves too much.

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