Gold climax coming?

Posted on Nov 19, 2009 by in Letters

This is a time to be especially alert.  The precious metals charts have gone parabolic and the angle of ascent is extreme.  We opine (opine is a little different from analyzing, but is close) that a climax is near.  The question is whether "they"  will be able to bring gold down by a significant amount.  The ETF funds now hold such holdings that an all out attack on gold can only take it down for a short period.

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