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The Recusant
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Gold Market Update

- Clive Maund -

Clive: For the moment the charts look good. But let's keep things in macro perspective. The euro is in a mighty deep morass and Greece could call a default at any time or split from the euro. If indeed it does, and it still looks likely, then the dollar will rally and gold will fall. Of course, as soon as the attention settles on the US debt and economic troubles, gold will rally like never before. Not a time for the skittish.

Commented 4466 days ago

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Beginning of the headline :This Gold Market update is going to be short and to the pointbecause the 1st time in many months, the situation is nice and clear, and doesn't require a time wasting diatribe. On the 7-month chart for gold we can see that on Wednesday it broke out from the consolidation pattern that it has been stuck in since it peaked last August-September... Read More

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