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Intraday trading AU up 14.35USD.

Now if I was short gold... like a fair few mutual funds in the US and the spike in this gold price was initiated in Oz/HK, as is the case here.

The Europeans are waking up to go to work and read the previous speil (prior postings 'Gold to Shine') through their respective news channels and hear that gold has jumped to the heights that it has today...

Uummm I think that I would be buying.... and that therefore means before the US comes back from their weekend sojourn.... so what will happen in the States tonight, with the current massive buying spree on the precious metals?

Try a panic... and that panic will affect the bullion banks... and that may mean that we have a couple of problems on our hands in that these Banks are long shares and short precious metals...

By all reasoning that means buy gold sell others..
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