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Wednesday, July 28, 2010
Gold & Kahunas
Gold took a major dive yesterday dropping $20/ounce. More importantly, the Gold ETF (GLD) broke through the base of the "handle" at $115/share that was presented in my post of June 29. Chart techies would say that the trend is likely to be down in the short term. For those with large kahunas, it might be a great buying opportunity!