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gld

This chart doesn’t visualise the concept of a parabolic chart move terribly well, but essentially that may well be what is present. Despite the underlying fundamental arguments for a higher price, simply, it may be in a bubble that will ultimately deflate back to the $400/$500/oz level.

I’ve closed all GLD positions while I have a think about the possibility of instigating a SHORT position. Possibly a flip-flop on gold.

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