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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST

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To: Square_Dealings who wrote (64253)2/23/2001 7:24:58 AM
From: sea_urchin  Read Replies (2) of 116764
 
Thanks Michael. I have to say, although I agree with your enthusiasm for POG now, I feel you are being too optimistic or, should I say, pessimistic for those who could be caught short.

IMO, although I believe gold shares are poised for a nice run (eg I expect XAU could rise 50-80% and AU might hit $28 in a year or two), I cannot envisage gold, itself, at over $300 for very long (which is only a 15% rise from its present price).

Unless, and that's a big unless, the USD takes a big hit.
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