Correction May Be Ending

Freemarket Gold and Money Report
"In summary, the short-term correction in gold and silver may be ending. However, I have not yet seen enough strength to suggest that the metals will continue to power higher from here, particularly given that this week is option expiry. I therefore consider it prudent to lighten up by selling some of our trading positions here, but be ready to buy them back if we see weakness, i.e., if there is a dip back into support around $900 for gold and $17 for silver. Or also, buy back some trading positions if we get enough strength to suggest that the metals are indeed breaking out of their short-term downtrend." (5/26/08)

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