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November 15, 2010 / Hal (GT)

Gold looks to be moving… sideways.


Okay well, the metals had a great run over the last two weeks. It should be of little surprise that profit taking was going to hit at some point. And so it did. Today, tracking with ExactPrice in real time as I type, gold is at $1,369.30 and silver is at $25.98.

I’ve got some items that I think make for good reading as we go into this week watching the yellow metal and its little brother, silver.

Lear Capital: Gold – Scared to Sell

“Nothing goes straight up and any time we undergo rapid price increases in anything, people take profit.  Still, it seems, every time gold prices hit new record highs (irrespective of inflation and debasement of the dollar) there are always some who think that’s it for gold.”

Food Inflation Tsunami Dead Ahead via @fuTuRe_sHOcK

Wow — Check Out How Blatantly Our Government Misled Us With The October Jobs Numbers! via @mikecane

Article: Gold Never Has Been (and Never Will Be) in a Bubble

James Turk: Silver still bullish despite Friday’s tape painting

Use gold as the measure of currencies, Jim Rickards tells CNBC

Gold important as politicians flip flop

Ben Davies – Financial Oppression

Check out this YouTube video explaining QE:

Facecrime

By Doug Hornig, Editor, Casey’s Extraordinary Technology
In late September, there was a modest gathering of law enforcement officers, military personnel, and mental health professionals in the small western New York town of Hamburg. It was totally ignored by the mainstream media, with just a reporter from the Buffalo News on hand to record the proceedings. Lucky for us.

Forecasters trim US recovery expectations–Philly Fed

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