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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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