Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (16154)	4/1/2003 1:43:48 PM
From: Jim Willie CB	of 89467

Eric Frye on gold bottoming here - Maybe gold is a barbarous relic after all. Or maybe the mega-rally that gold bugs dream about is just a bit slow to get under way. We have no idea, of course, but the McClellan Market Report declares, "We expect a major (we mean major) bottom in gold prices next week." McClellan bases its observations on a proprietary technical analysis with a pretty good track record. Past performance does not guarantee future results, of course. But we thought we'd pass along the information just the same. Besides, we're inclined to believe that gold is better bought than sold at current prices. - "One way to look at the recent pullbacks is that it is merely a 'refueling' phase before the next Gold price push," says Victor Hugo of Hugo Capital. "The rocket beneath the Gold price will be lit when the realization spreads that the U.S. is in a debt hole and won't grow out of it quickly...The U.S. Federal Reserve cannot continue to print trustworthy money whenever it needs to, whether in the form of uncontrolled government spending and trade deficits or otherwise."

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