 Soros: Gold on Brink of Bear Market |
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 Dec 29 2011, 10:55 PM
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 Member  Group: TT Member* Posts: 20529 Joined: 13-January 04 From: T Town Member No.: 1054  |
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) -------------------- |
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Dec 29 2011, 10:59 PM
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Member Group: TT Member* Posts: 20529 Joined: 13-January 04 From: T Town Member No.: 1054 |
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:  "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" This post has been edited by Rogerdodger: Dec 30 2011, 12:10 AM -------------------- |
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Lo-Fi Version | Time is now: 19th June 2013 - 05:42 AM |