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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who started this subject5/25/2002 7:42:15 PM
From: Crimson Ghost  Read Replies (3) of 36161
 
Just wanted to post my two cents on gold here. Looks to me that we are in the very late phase of the current rally. Probably some more upside with the stock market and the dollar looking to go lower, but not too much more. Something like POG $330 and XAU 90-92.

Then the stock market and the dollar stage a strong summer bounce and gold corrects sharply to $305-310 and XAU 74-76.

After that the stock market goes down for the count in the early fall taking the buck with it. Gold stages a huge rally to about $400 and the XAU surges to 140-150.
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