Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (59714)	5/1/2002 12:00:28 PM
From: Steve Lee	Read Replies (4) of 99280

"I once calculated that at $1200/ounce one could sit at the mouth of the Columbia river and extract gold profitably from th ocean there" Zeev, I am inclined to trust you on this. Does that mean however that the price of gold will not go above $1200 though? You are talking about fundamentals here but we all know that price is driven by fear and greed. If fear of economic disaster is the driving force, then where will be the organised labor and machinery to build such a gold extraction plant? There are many stocks that should be at higher or lower prices if logical arguments like you present are followed. But those logical arguments do not get followed in the world of stocks, so why is it different for gold?

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