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Post by xtra on Feb 27, 2007 22:42:59 GMT -6
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Post by unlawflcombatnt on Feb 28, 2007 4:00:32 GMT -6
I'd say not very much lower. Yesterday's drop was paralleled by a drop in silver and palladium. And the price of gold is rising slowly again. It's bounced back up to $675/oz. as of this writing. I doubt gold will go back down to $571/oz. in the near future. If the world economy falls into an outright and prolonged depression, gold prices might go down. But most likely the Fed will drop interest rates and cause enough inflation to keep the price of gold (and silver and platinum) from declining very much.
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Post by beachbumbob on Mar 3, 2007 7:55:42 GMT -6
don't know...positions have to be sold to cover exposures.....but then a move to gold/silver as the markets crash seems more plausible
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Post by jeffolie on Mar 3, 2007 11:45:33 GMT -6
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