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Gold/Mining/Energy : Gold Price Monitor
GDXJ 129.79+4.6%4:00 PM EST
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To: long-gone who wrote (71773)6/15/2001 8:37:35 AM
From: Crimson Ghost  Read Replies (3) of 116958
 
The NAM probably will not get its wish of a 30% drop in the dollar, but a substantial decline is indeed in store. I look for gold to breach $300 decisively within the next few months as the impending buck bear takes hold.

BTW, long time gold bear Zeev Head who still is very cautious on gold near-term, now looks for a rise to $350-$400 in 2002. He sees the dollar remaining strong this year, but breaking sharply next year.

So even if we don't breach $300 soon, such a move looks to be just a matter of time.
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