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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Ted Downs who wrote (75921)6/7/2002 11:25:55 AM
From: finntroll  Read Replies (1) of 99280
 
The POG rose to $410 just seven years ago and much higher than that in the '80's. Another near term top in the $400 to $500 area is certainly possible. Since gold has little intrinsic value and limited (if any) long term growth potential, I would consider any short term bull market in the sector to be a speculative bubble. Thus if one is going to play it they must heed the greater fool theory.
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