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Subject:  Re: Gold - Updated TA Date:  12/20/2012  11:29 AM
Author:  MDCigan Number:  41189 of 41341

Just saw this article this morning....does look like Rogers has 30% as is line for meaningful correction:

""Most things correct 30 percent every year or two, even in big bull markets – 30 percent corrections are normal and yet gold has only done that once in the past 12 years," Rogers said. "Gold on any kind of historic market basis is overdue for a nice correction."

FWIW, I entered a long trading position last night at 1668 and stopped out of it this morning at 1647. I'll wait until the end of the month to act on