Further Testing of Highs Possible

Deliberations on World Markets
"The sharp break across the commodity spectrum may yet see a further testing of the recent highs on gold and silver but they will need a digestive cooling off phase like those following prior tops of this cycle...Both Shares/Metals ratios are down to levels not seen since 2002 or 2003 when gold was just a fraction of the current price. So much for the broadbrush concept of implicit profit leverage by investing in the producers rather than the metal itself." (3/26/08)

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