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Looking at the gold chart
Robert Precther predicted this
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It's deflation guys
We have sung this song for years now.
In the mid-term, gold, stock, bonds and all "tradable" items are going down.
The US dollar and short term US paper will thrive in this environment.
Why? It's simple. There will be a million sellers - and no buyers.
If you haven't yet, study the interview I did with Prechter at the beginning of this year.
We predicted everything that's happening now
RealEconTV and Robert Prechter
NOTE: I disagree with this trader that $1,400 represent any kind of bottom.
Remember this about bear markets: "All bottoms have a hole in them."
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