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Soros: Gold on Brink of Bear Market


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#1 Rogerdodger

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Posted 29 December 2011 - 10:55 PM

Gold Bubble Seen by Soros on Brink of Bear Market
Dec. 29 (Bloomberg) -- Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market. George Soros, the billionaire who two years ago called it the “ultimate asset bubble,” cut 99 percent of his holdings in the first quarter, Securities and Exchange Commission data show. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

#2 Rogerdodger

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Posted 29 December 2011 - 10:59 PM

From another site, another observer:
"Gold and Silver are approaching big trend line support. Platinum and Palladium have already broken trend line support."

Jack Chan Chart:
http://stockcharts.c...53245&r=920.png

"the dollar usually becomes super strong in an election year.
1976 election year (Jimmy Carter) – gold crashes
1980 election year (Ronald Reagan) – gold crashes
1984 election year (Ronald Reagan) – gold crashes
1988 election year (George Bush) – gold crashes
1992 election year (Bill Clinton) – gold falls
1996 election year (Bill Clinton) – gold falls
2000 election year (George W. Bush) – gold falls
2004 election year (George W. Bush) – gold rises in early stages of new bull market
2008 election year (Barack Obama) – gold crashes"

Edited by Rogerdodger, 30 December 2011 - 12:10 AM.