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re: Gold (took a small short position today on 5/25)

Posted on 1/28/11 at 5:09 am to
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 1/28/11 at 5:09 am to
quote:

I think we see 1700+ on the next 4 months


Based on what?

Certainly not based on expectations of U.S. consumer prices.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124174 posts
Posted on 1/28/11 at 6:23 am to
quote:

Based on what?
Serious question, What happens to gold if US credit is downgraded?
Posted by LSU0358
Member since Jan 2005
7919 posts
Posted on 1/28/11 at 10:03 am to
quote:

U.S. consumer prices.


I don't think it's that big of player in gold prices...The consumer price index formulas have been so manipulated they aren't really a good indicator any more.
Posted by RasinCane
Member since Mar 2011
147 posts
Posted on 4/10/11 at 5:01 pm to
US consumers are not driving the PM prices look at the macro picture and it becomes clear who is
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