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Mega Precious Metals Inc MPRXF

Metals & Mining Industrial Metals & Minerals


GREY:MPRXF - Post by User

Mega Precious Metals Inc > POG retracing ...
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Comment by hrattleon Feb 20, 2013 10:58am
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Post# 21015994

RE: RE: RE: RE: RE: RE: RE: RE: POG retracing ...

RE: RE: RE: RE: RE: RE: RE: RE: POG retracing ...

... as $ 1500 is is the real line in the sand that would cause shock  ...

A psychological line? The technical line is either the $1520/oz low (after the all time high) or the 12 month low of $1540/oz. $1600/oz is a huge psychological line - you will now see many many commentators going bearish on gold. THERE IS NO FUNDAMENTAL REASON FOR POG TO BE THIS HIGH. You should also note that gold does not perform well during inflationary periods - it does sometimes go up with inflation but THERE IS NO MATH CORRELATION.

Anyway we shall see - gold has always been an emotion (fear) based trade. Can you persuade the crazies you follow to create a new threat to scare us back to gold?

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