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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.23

+0.6%

Dec 16 4:00 PM EST

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To: long-gone who wrote (90953)	11/8/2002 4:11:05 PM
From: T-Lo Greens	Read Replies (1) of 116815

I wasn't trading gold miners until about 2 years ago. My first purchase was DROOY in the $1 range. My forecast for both POG & XAU movement has been correct all year, so I'll abide by my model until proven wrong. I'll tell you this, IF we go to war with Iraq POG will spike to about $327 and then drop from there. If we manage to avoid a war then POG will trade in the $270-285 range and gradually decline from there. Another prediction - those holding junior gold miners long term will be left with about 80% of those holdings as worthless certificates in 3 years.

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