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Many gold investors have lost confidence as the metal has failed at several attempts to regain the $1,000 mark and is currently languishing in the $700-$750 range. This 30% decline caught many gold bugs by surprise as the widespread liquidation of assets has hit all sectors and deflation fears rule the moment. But [...]  In July of 2002 it cost the equivalent of 1.3 grams of gold to fill up your gas tank (15 gal) or about $20 when priced in dollars.* In July of 2008 it still cost only 1.3 grams of gold but $61 when priced in dollars** – (305% more)! If you priced other [...] Obama looks like he will win by a comfortable margin and the market seems to be rallying on this news. We really haven’t seen much in the way of positive economic data to justify the rally over the last week. Whatever forces were exuding influence on the market pre-election will have a different posture [...] |
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