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The Dow

By: Decomposed in ROUND | Recommend this post (0)
Thu, 04 Aug 11 10:36 PM | 89 view(s)
Boardmark this board | De's Test Board 		Msg. 34274 of 45644
(This msg. is a reply to 34041 by Decomposed)
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re: "the best ta person I know thinks markets will continue up for 3 more weeks - but that's it."

I posted that on July 24th. It's now clear that a major top was already established, set in place on July 21st at 12,724.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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Re: gold and silver
By: Decomposed in ROUND
Mon, 25 Jul 11 4:24 AM 		Msg. 34041 of 45644

GDX is clearly overbought... Gold BADLY needs to test its 200 day MA. The best TA person I know thinks markets will continue up for 3 more weeks - but that's it.

I'm bearish short term on almost everythin.

BTW China looks to be VERY close to taking action on its own serious economic problems. I expect it to flip soon from huge net buyer to huge net SELLER of US Treasuries. I trust everyone here understands the disastrous consequences for us WHEN that occurs.

Sorry for any typos. I'm pecking these msgs out on my Blackberry and can't even read the font because it's so small...

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