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Gold: The Eldorado Salmon

8/8/12

12:42EST

Gold: (December)

Currently Gold is within a dilemma; meaning according to what factor moves it up or down. In light the recent departure of big bucks in the Bond market; a portion of these funds should find it's way into the gold market; in order to insure the risk (long equities)

Gold should swim upstream (against the current - with the dollar) as such I'm looking for it to 1650ish, but that's a bit far away, currently the price reaction at 1610.10 or 1620.90 will indicate if gold becomes a eldorado salmon or not.