uptodate account of gold suppression, excellent summation
very thorough, many charts, impressive
taken from GATA Yahoo Message Board / jw
Our consultant Reginald H. Howe, proprietor of
www.GoldenSextant.com, has just written a great
essay about the increasingly troublesome
suppression of the gold price. It's beautifully
illustrated with some important price charts. You
can find it here:
goldensextant.com
a key quote from within...
John Doody at Gold Stock Analyst on Tuesday said he
expects the growing red ink in the U.S. current account,
which represents capital flows into and out of the country,
to send gold prices far higher in the near future. Economists
are concerned the current account, approaching 5 percent
of America's gross domestic product, will persuade
foreigners to cash in their dollar-related investments.
"I see gold headed to $450. Foreigners have finally had
their fill of dollars and are now on balance selling dollars
to reinvest elsewhere," said Doody, whose top 10 gold
stocks have gained 104 percent since Jan. 2. The
newsletter editor says he expects gold to reach his price
target by the end of next year.
"Including this one, there have been six bull markets in gold
since the U.S. stopped converting dollars from foreign central
banks into gold on Aug. 15, 1971," Doody told me. "Four of
the six bull markets have been driven by the current account
deficit, and the smallest gain gold made was 76 percent.
Since this move started from $256 in April 2001, a 76 percent
move this time would be up to $450, and this is my target by
end of '03." |
