Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (51565)	5/9/2001 1:38:51 PM
From: David W. Taylor	Read Replies (1) of 94695

GZ, you really are missing the point. This rally that we are seeing here is a Bear Market Rally. It is predicted by many bearish analysts to get to all-time highs all right and within the next few months. Bob Prechter of Elliott Wave International for one makes this prediction. His target is 13,000 on the Dow. I think we will see low four digits on the Dow by your ending date. The long term trend is still down and this is where you will hurt yourself. Ultimately the US $ is also going to take a hit, so I propose a compromise. Let's bet an ounce of gold at today's price around $268. You will receive a check from me for $268 or I will receive an ounce of gold, physical gold, on December 31, 2004. This is a doable wager and I will still come out way ahead, unless, of course, you are sensible and buy the gold today. By December 31, 2004 it will probably cost you around US$5,000.

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