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<p>[QUOTE=&quot;tribby, post: 711198, member: 20736&quot;][COMMENT]Don&#039;t pay attention to what the goldbugs say. Don&#039;t pay attention to what the anti-gold crowd says. Pick a few indicators and watch them. Look at long term trend lines. Watch the dollar index.[/COMMENT]</p><p><br /></p><p>Exactly, Gold is very tricky to value given it&#039;s tie to the Dollar.&nbsp; Given that the Dollar is weak Gold is strong --- runs inverse to one another.&nbsp; Makes sense given that most industrialized countries use Gold as a financial reserve to hedge against currencies.</p><p><br /></p><p>Gold is whacky in that it is also used by various industries and then of course it&#039;s major use in jewelry...&nbsp; But, the price isn&#039;t based on supply/demand of it&#039;s actual use, but on it&#039;s economic value based on the strength/weakness of currencies.&nbsp;&nbsp; The problem with this is that it&#039;s not just the US $ that you are gaming, but the big players around the world.[/QUOTE]</p><p><br /></p>

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