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Michael:
Confirmation would be past the 323-29 basis Dec. RTs don't seem fond of
metals, though. Gold has been basing for some time; if you look on a long
term monthly, we are lower now than anytime since 1979.. a serious
historical low. The bearish sentiment associated with gold ("..it'll never
go up"".. it's a terrrible investment...") is all the more encouraging.
Numismatics are making significant upward moves recently and silver
warehouse stocks have been declining.
PG
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