John Paquet, don't forget to add to your gold-price-spiking list Y2K.
Tha t is something no big Bank or country can control.
A big disruption in International Trade Causing price run ups and inflation.
Printing more money to get us out of it, at a time
when all forces are pushing inflation up ( wage increases,
labor shortages, booming economy,rising healthcare,
lack of balanced budget etc etc ), is a sure
prescription for Gold to go to 500in a blink.
I think if Amazon.com can go to 500 in a blink, so can gold.
All you need is hungry horde of daytaders.
Write that down in your book John:
A .. H u n g r y ... h o r d e... o f ... D a y T r a d e r s
back later,
TA
Message #41713 from John Paquet at Oct 1 1999 12:44AM
As I mentioned before, there are many fundamentals to make this investment environment favorable for gold to move up despite that CB's announcement limited gold
sales and leasing stuff.
First Dow is on the eve of crashing to 9000, or 8,700,
U.S. Dollar index breakout on the down side.
Oil hit 32 month high. inflationary, as energy cost rises.
Int rates has raised from 4.76% to recent 6.15% long term interest rates.
FEd hiked fed fund rates once and expect to raise again by October 5,1999.
Gold big rally, so does XAU, so does Silver.
Silver even has more beautiful breakout on the upside with object of measurement at $7.50.
Gold $417.50 by the end of October, that is my measurement of target.
Go figure folks.
John Paquet |
