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Monday, November 28, 2005

hello $500 gold!

Despite the establishment's best efforts to keep the genie in the bottle, gold is finally breaking through the next major resistance point, with spot gold currently trading at $501.30 in Asia trade. See here. Of course I wouldn't be at all suprised to see it drop again on profit-taking, but Mr. Bernanke probably won't be sleeping too well tonight.

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