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May 8th, 2007

Political Commentaries and Market Updates

Quietly WaitingI’ve been waiting for gold to break through the $700 level and then to surpass the old highs of $721.50 set in May of 2006. Achieving that level has proven to be problematic but I’m also coming to the realization that penetrating the old highs may have the affect of opening the floodgates going foreword. Simply put, we’ve been in a consolidation phase that tests the patience of everyone involved. Now is no time to throw in the towel.

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