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Written by Peter Grandich   
Friday, 11 April 2014 06:50

It appears we’ve maximized short positions in U.S. stock market in time but don’t think the “Don’t Worry, Be Happy” crowd on Wall Street (and who litter TOUT-TV - CNBC-TV) are just going to pack up and go away. Remember, you can toss them off the Empire State Building and all the way down they would all say the same thing – so far so good!


Despite an evident desire to break its back by the Crimex (Comex), gold is more than just hanging in there. I continue to believe $1,400 shall be tested sometime this spring.


I think this morning weakness in Teranga Gold on the news of a “Bought” deal at $.83 in the last great buying opportunity before the results this year make it a $2+ stock in 2015. I own over a million shares as of this posting.

 

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About Peter Grandich

Though he never finished high school, Peter Grandich entered Wall Street in the mid-1980s with no formal education or training and within three years was appointed Vice President of Investment Strategy for a leading New York Stock Exchange member firm. He would go on to hold positions as a Market Strategist, portfolio manager for four hedgefunds and a mutual fund that bore his name.

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