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Is the great 41 year gold bull run over? No.

Tom Winnifrith
Friday 22 February 2013

And so we are told the great bull run in gold may be at an end. As I write, the one true currency is trading at $1570 oz. I am told by chartists, not that I listen to a word they say, that as long as a $1550 gold price holds then the story is intact. The problem with chartists is that they are such short termists. They regard a three day trade as a long term investment. Okay, before Zak Mir wades over to Real Man Pizzain Clerkenwell to drink me under the table again as punishment, that may be harsh. But the way to look at gold is on a forty one and a half year view and I am not sure that many technical analysts have bothered to go back that far..?

on SpreadBetMagazine | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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