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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (96052)5/26/2002 10:49:56 AM
From: Knighty Tin  Read Replies (3) of 132070
 
Joan, there is also a risk, with the rise in Japanese stock markets, that they not only stop buying gold but use it as a source of funds to get back into their equities.

But, mostly, there is the risk that this is just another one of those pops in gold like the previous 20 or so that went about this far and then crapped out.

And there is the best risk that this is a major bull market, but it takes out all the leveraged gold bugs with a big dip to $280 or so before continuing to move up. That is the one where I assign the highest probability.
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