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Why I Sold Part of My Gold Position after a Six Year Hold

I bought gold bars and coins in 2003 at $354, $377 and $383.50 per troy ounce, and in 2004 at $431 per troy ounce. I purchased gold coins in 2009 at $1000 per ounce. I also purchased silver bullion this year.

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Gold Market Strategy: An Upward Price Acceleration May be Imminent

I wrote in my recent article on the outlook for gold:Why Gold May Begin the Last Leg of its Bull Market Sooner Than You Think, posted February 23, 2009, that I was anticipating a possible acceleration phase or blow-off top in the gold market price (now at $951.10 per ounce).
 

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Gold Price Shines and Takes a Breather: Is There More Upside to Come?

The gold price has recently broken out of a flag formation on the upside on the weekly gold chart in a price move from $900 and trading as high as $1007.70 on February 20, 2009. The gold market is now pulling back down sharply to as low as $905.70 intraday on March 3, 2009. This pullback to the breakout point appears to be normal, and the gold market could resume its powerful uptrend once this retreat is over.

Continue reading » Gold Price Shines and Takes a Breather: Is There More Upside to Come?

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