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Gold Breaks Out (Again) - $1,250 Breach Imminent

Tyler Durden's picture
Submitted by Tyler Durden on 05/12/2010 12:56 -0400



 

The only question now is who will hit 36,000 first - gold or the Dow. Sorry Bernanke - you can't have both. The good thing with gold is that unlike stocks, gold actually trades after 10 am, unlike stocks, when just the liquidity rebate algos churn ultra high volume on ultra bankrupt companies during that time. Also, breakouts are actually validated by high volume, unlike stocks where the opposite is true as banks hope to fool gullible mom and pops into throwing their money into the Keynesian fire pit.

 
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Wed, 05/12/2010 - 17:02 | 347463 boeing747
boeing747's picture

I'm running for cover, pest control is coming...

Wed, 05/12/2010 - 18:44 | 347712 seabiscuit
seabiscuit's picture

It's a beautiful day in the neighborhood... and so it begins:

 

http://www.breitbart.com/article.php?id=CNG.4090f16a5abf84c5a5adff0665cbc792.3a1&show_article=1

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