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<p>[QUOTE="Owle, post: 1328764, member: 22004"]This from Larry Edelstein of Weiss Research recently:</p><p><br /></p><p>~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</p><p>"Gold has plunged through many of the support levels I've previously provided you. It's dropped through the $1,730 level ... the $1,610 level ... and has thus far reached as low as $1,564. </p><p>Once it closes below $1,610 on a Friday, which it will likely have done before you even read this column — the stage will be set for gold to collapse to <i>at least $1,435 and, very possibly, as low as the $1,100 mark.</i></p><p>And silver, precisely as I've been warning you, has started to crash again — losing more than $4 last week and shattering support at the $30 level ... then the $29.16 level — and is now ready to make a beeline down to $25 and, very possibly, much lower to $22 to $23 an ounce. "</p><p><br /></p><p>I question the man's bias and got this response from the insider expert who sent me the info:</p><p><br /></p><p><br /></p><p><font size="4">He has usually been mostly accurate, not only with price, but with timing too.</font></p><p><font size="4">I don't discount him. He feels that the eurozone mess is making the US dollar stronger...even with the US Treasury and Ben's Fed trying to push it down, a stronger dollar in his reasoning means commodities in terms of the US dollar a less expensive. Eventually, the eurozone mess crisis and chaos will end probably ugly, then it will be the US turn and gold will soar and the dollar demise with a new replacement currency. That is his overall position. Long term no limit on the price of gold. </font></p><p><br /></p><p><font size="4">Why I think he is good for coin dealers...he lets you know in a timing range how to trade because he tells you what to expect. Sure, he can be wrong...so far OK</font>[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1328764, member: 22004"]This from Larry Edelstein of Weiss Research recently: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ "Gold has plunged through many of the support levels I've previously provided you. It's dropped through the $1,730 level ... the $1,610 level ... and has thus far reached as low as $1,564. Once it closes below $1,610 on a Friday, which it will likely have done before you even read this column — the stage will be set for gold to collapse to [I]at least $1,435 and, very possibly, as low as the $1,100 mark.[/I] And silver, precisely as I've been warning you, has started to crash again — losing more than $4 last week and shattering support at the $30 level ... then the $29.16 level — and is now ready to make a beeline down to $25 and, very possibly, much lower to $22 to $23 an ounce. " I question the man's bias and got this response from the insider expert who sent me the info: [SIZE=4] [/SIZE] [SIZE=4]He has usually been mostly accurate, not only with price, but with timing too.[/SIZE] [SIZE=4]I don't discount him. He feels that the eurozone mess is making the US dollar stronger...even with the US Treasury and Ben's Fed trying to push it down, a stronger dollar in his reasoning means commodities in terms of the US dollar a less expensive. Eventually, the eurozone mess crisis and chaos will end probably ugly, then it will be the US turn and gold will soar and the dollar demise with a new replacement currency. That is his overall position. Long term no limit on the price of gold. [/SIZE] [SIZE=4][/SIZE] [SIZE=4]Why I think he is good for coin dealers...he lets you know in a timing range how to trade because he tells you what to expect. Sure, he can be wrong...so far OK[/SIZE][/QUOTE]
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