Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (27071)	1/7/2003 8:09:24 PM
From: lisalisalisa	Read Replies (2) of 74559

it could go to $6000 an ounce too (not likely but possible) pretty smug article IMO, seems to resort to the PC description of gold investors as fanatical relics, and tries to discount the "high" price of gold as a temporary "spike" (going on 3 years however), a misnomer. The article seems to believe that the action of the past 22 years is "true" and "correct" action for gold, using the past bull market in paper and bear market in commodities and extrapolating it out into the future, forever…. a new era so to speak. The article even mentions that investors in gold possess "faith" as if gold is some bizarre religion-which is funny because it is the FIAT system that based on faith and promises, the loss of which will propel the price of gold even higher IMO. Besides articles like this after a 3 year bull market are bullish, right? Means there are many more buyers left, and few have actually lost faith in the status quo. The slope of DOW/Gold Ratio IMO might be due to the technical advances mentioned in the article BTW, where the ratio might make higher highs and higher lows as technology to extract gold improves.... sharelynx.net

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