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Rubicon Minerals Corporation Message Board

  • brown.tim47 brown.tim47 Oct 31, 2013 7:56 AM Flag

    FOMC "Statement Dovish But Gold Backs Down On Profit-Taking Since Outcome Expected - Kitco News, Oct 30 2013"

    The excuses and reasoning for golds poor perfomance become more pathetic as the months go by. Now gold is down because further QE was expected?

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    • When in reality gold is in a bear market and has been for over 2 years will continue for some time to come. It could be in this bear market for another 15 years or longer. I think this kind of gold market was to be expected. Maybe someday the excess gold on the market will be bought and this downward trend can reverse a little.

    • Here's another good one:

      PRECIOUS-Gold eases despite Fed as investors take profits - Reuters, Oct 31 2013 7:23AM

      Investors take profits? I guess the new definition of "investor" includes anyone who moves in and out of the markets in a week or less. A short time back those individuals would have been considered "traders".

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