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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: AC Flyer who wrote (14757)2/9/2002 11:54:41 PM
From: Don Lloyd  Read Replies (1) of 74559
 
AC -

Thanks for the extensive information.

So there you have it, the future of the POG laid out before you. Gold price to move in a band of $280/oz to $320/oz., followed by a gradual uptrend from 2003 or so.

If this is the range based on the response of supply to the fact of the gold price approaching one edge of the range or the other, the fact that the responses will be spread over time implies the likelihood of dynamic overshoots in both directions being possible. Plus or minus 10% beyond the edges of the range would seem to be consistent with what we've already seen.

Regards, Don
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