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Tuesday, June 29, 2010

Gold and silver could be on the verge of a monster rally

I believe we have recently added a much-needed element that will lead to much higher gold prices- boredom.

General gold sentiment amidst near-record prices is muted and reminiscent of sentiment last fall when we broke out to new highs, backtested the breakout, then rocket launched for 3 straight months. It was the type of move that was met with widespread suspicion as even gold bugs were calling for a return to $800-$900 gold.

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