Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: H James Morris who wrote (995)	7/1/2002 11:59:29 AM
From: Jim Willie CB	Read Replies (2) of 89467

article: US Dollar Index 80-85 Target the more Central Banks meddle, the more likely market forces take over way cool gold-eagle.com an excerpt: How will the dollar decline affect gold? With or without intervention, a dramatic rise in the dollar price of gold is inevitable. Premised on the hypothesis that the greenback is headed toward a level it has seen numerous times in the last 32 years (i.e. 80-85), it will have lost approximately 25% off its present value. In this event I would expect the shiny yellow to revalue AT LEAST that amount. Therefore, I fully expect gold to reach $400/oz in 2002. However, if Central Banks continue to meddle with their impotent intervention, market supply/demand dynamics will takeover and most likely will propel gold to $500/oz or even beyond. It is appropriate to end my report with the prophetic comment made by the eminent Technical Analyst at GOLD-EAGLE (8X8--): "This is the first time in memory we can count on the US Government to help goldbugs." -end-

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