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September 28, 2005
Gold pull-back, Wed., Sept. 28, 2005, 6:16 AM
Gold this morning is fairly flat. The past couple days has seen gold back down by "2.5 pct, which seems to have worried some traders. But when the Dow 30 moved back the same pct recently, I didn't observe the same angst in traders who were long. Looking at the two charts, I know which one I'm happiest to be long and the other short.
Posted by Posted by Bill Cara on September 28, 2005 06:16:14 AM | Category: Cara Today in the Market , Gold , U.S. Equities
Bill-
I just returned from the Windy City to read your Week in Review and to catch up on the daily posts. The WIR was outstanding.
I would like to ask you what your opinion of "buying on weakness" in the goldminers is. Is 2.5% a significant enough pullback to add to positions? Or is that shaving it too fine.
Posted by: MarkM![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
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September 28, 2005 6:46 AM [link]