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Gold Holds Above $900, But Bull Looks Sluggish
January 15, 2008

Gold Holds Solid, But Big Players Cautious

Gold made another little run this morning up to about $916, then backed off to $910 as of this posting. Though ETF's are growing leaps and bounds, larger investment players are behaving very cautiously on long term gold, keeping the market from breaking out further for the moment.

Let's just say the Bull is resting a bit before contemplating another run, while the Bear watches carefully from the wayside.

Whenever the large investment firms back off, the little investor should mind the cue. Don't be caught out there with large holdings in gold when the market turns.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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