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SPDR Gold Trust Message Board

  • sandspiderbm sandspiderbm Mar 12, 2013 8:28 AM Flag

    About Soros Gold Sales

    Great article about Soros' gold sales on seeking alpha:

    http://seekingalpha.com/article/1206301-soros-fund-sells-50-of-his-gld-stake-is-gold-done

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    • If Soros is stupid enough to be liberal then he is also stupid enough sell on the decline rather than on the rally. I see a number of technical reasons to support the idea that gold has is in the process of reversing back up. This last significant intermediate leg down could easily be interpreted as a back test of a broken out bull flag. If this is the case and the large channel gets a run to the resistance line again... 2800-3000 in 2014.

 
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