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starbucks4ever (97.98)

No change in opinion

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June 04, 2010 – Comments (5)

Everything goes as expected so far, except the price of gold. The bull market at home should resume soon. The bear market abroad is just starting.

The Euro reached 1.20 today. The first half of the way from 1.50 to 0.90 is behind us. The second half is still ahead.  

5 Comments – Post Your Own

#1) On June 04, 2010 at 6:16 PM, goalie37 (90.53) wrote:

We'll see how it goes.  My ability at predicting future market conditions are horrible, so I always like to hear what the rest of you have to say.

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#2) On June 04, 2010 at 10:50 PM, ChrisGraley (29.74) wrote:

Everything goes as expected so far, except the price of gold. The bull market at home should resume soon. The bear market abroad is just starting.

The Euro reached 1.20 today. The first half of the way from 1.50 to 0.90 is behind us. The second half is still ahead.  

Given the news, I'm confused why you would think gold would be going in the other direction? 

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#3) On June 04, 2010 at 11:18 PM, Momentum22 (29.45) wrote:

zloj - On the way to your .90 vision gold will take the same beating as everything else. well maybe not the same as some of my holdings... : )

Nothing ever goes as expected with the market. That is the only thing this swami knows... 

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#4) On June 05, 2010 at 1:22 AM, starbucks4ever (97.98) wrote:

#2,

I'd think gold would cost $100 already, but the speculative bubble continues. So goldbugs will have to fall from a greater height. And it will be more painful.

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#5) On June 05, 2010 at 1:35 AM, Momentum22 (29.45) wrote:

Got it, I misread your post. Gold definitely doesn't seem like a safe haven to me but I will not stand in the way...

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