Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (90677)	5/9/2001 11:48:39 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

re: XAU ... let's see if that "reverse head & shoulders" chart formation can take us to XAU 72ish.. ultimately should - with nolo problemo ~ Kudlow & Forbes know the "program" - the US Dollar will ultimately be walked down/reigned in/no longer manipulated via intervention etc - it has to be for US Corporate profit sake & to ease the stress fractures its creating in other global currencies & economies. They're ramping liquidity & Forbes & Kudlow have correctly signaled the push to stop shorting Gold & let free markets return with Gold showing a proper Fed Liquidity reading of $340ish per oz. ... when, not if. At $340 POG - we should see XAU 125-150; doubles & triples off the lows & 5-baggers in the small caps. No one anticpated $35 Crude, or $8 Nat Gas back in October 1999 either... Deja Vu all over again.... just watch it climb that wall of doubt... Can't believe than anyone saw, or heard ANYTHING positive from the Cisco report... we're going to see the 2nd wave of Mr Bear in Q2-Q3 tech reporting imo. ... aint seen notihing yet.

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