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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST
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To: Les H who wrote (37732)1/21/2000 11:39:00 AM
From: Rarebird  Read Replies (1) of 99985
 
Les, Don Wallenchuk has been pretty much on the money the last few years. I tend to agree with him that we will see over $1,000 Gold in a few years- although I doubt we will see Dow 36,000 or Dow 100,000 over the next decade.

Don has been aggressively buying gold over the past year. My bearish comments on the XAU were merely short term in nature. But make no mistake about it: The sector I am most bullish on over the next 5 years is Gold Mining. The decline from $800 an ounce over the past 20 Years has been merely corrective. In a gold bull market, the old high will be taken out easily. For those who think that Gold is in a perpetual Bear Market, shock waves are coming to a financial market near you.
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