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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (16240)3/5/2002 6:14:12 PM
From: AC Flyer  Read Replies (2) of 74559
 
Hi Jay:

If gold were to get anywhere close to $200, it would be time to back up the truck, as this kind of price would represent an overshoot to the downside. Many mines would close and price would rebound.

Unfortunately, gold has become a very poor vehicle for irrational exuberance. Still excellent for regular salting scams which never fail to suck in the naive and the greedy, but too easy to understand (unlike CDMA) to have aspirations of unlimited future profit potential attached to it.

Regards,

Mike
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