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July 22, 2010 / Hal (GT)

Expected Returns says Patiently Awaiting a Runaway Move in Gold


Go read and view the charts on Expected Returns: Patiently Awaiting a Runaway Move in Gold.

It’s another post well worth your time.

Although it may not seem like it right now, gold is putting in the conditions for a runaway move: months of consolidation, waning volume on the downside, general bearish sentiment, and most importantly, boredom.

Right now ExactPrice is tracking the spot price at $1,195.80. Up for today for sure by around $12.00. Silver also seeing a move to the upside. Another metal that is looking for a break out, I believe.

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