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December 8, 2010 / Hal (GT)

Precious metals down today.


Oh no! the sky is falling, the gold bubble has burst! Look out below!

😀

At least that is what the gold naysayers want you to believe. Don’t buy it. In the past we’ve seen gold hit a new nominal high only to fall back from there in a profit taking by those daily traders looking to profit from volatility. Don’t get swept away in the fear.

Right now I’m tracking gold and silver’s spot prices and gold is $1,381.10. Silver $28.10.

The bull trend in my opinion continues.

Here are several must read items today that relate to economic issues and therefore gold.

BernankeLeaks, Fed and Wall Street Banks $12.3 Trillion Biggest Scam in World History

Map Of U.S. States By Home Foreclosures – I know that coyotes are occupying many of the vacant homes in Florida. Yeah, the canine variety.

Comex Continuous Gold

Gold likely to hit $1,600 in 2011 – Credit Suisse

Broken bull market in Bonds causes liquidation in Commodities

Volatility Chasing Goes Gold: Precious Metals Drop On Year End Profit-Taking Rumor

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