Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	5/23/2002 2:28:00 PM
From: SliderOnTheBlack	Read Replies (1) of 36161

My "non-Rogue Wave/Event" POG - Secular Bull Mkt target is $450-$475 From 1980 to 1997; Gold traded consistantly between $350 to $475...and we know what has happened to "real" prices and the purchasing power of the US Dollar since then. kitco.com [ click the 1975 to present chart ] In 1983 and agin in 1988 Gold pierced $475...and for much of the period from 1975 to 1997...$350ish POG was basically support. Given the ramping US Money Supply, our current account deficit and the longterm War on Terrorism - which virtually guarantee's some degree of a "risk premium"...and factoring in either the inevitable "unwinding" of the Gold Carry Trade Shorts, or the potential of a complete "derivatives" meltdown... I think we "realistically" see $450 to $475 POG $60 NEM anyone (vbg) ?

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