http://www.vestopia.com/Blogs/DirectorBlogEntry.aspx?postId=13090&piid=32
Gold as an Alternative Investment
Nov 7, 07
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Gold has had a great run lately. As I indicated in one of my previous blogs, if you look at the long term monthly close chart of gold, $700 provides a major resistance, because gold had never stayed above $700 for over a month in its entire history, neither in 1980 nor in 2006, until now. This is the main reason why it had taken over a year to overcome it, and the reason of the current explosive upward movement. Now we have expanded the chart upward beyond the $700 line into the new uncharted territory, I feel that gold will possibly never go below $700 again.
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Uncharted territory. So what is the upside? 2500/oz with a US$ collapse.
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Reinke Faces Life 