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Gold/Mining/Energy : Precious and Base Metal Investing
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To: SliderOnTheBlack who wrote (7652)2/11/2003 3:59:20 PM
From: Little Joe  Read Replies (2) of 39344
 
Slider:

I would take issue with your assertion that the last secular gold market ended in 1997, if that is your position. I think the high of about 800 in late sixties early seventies ???? was the end of the last secular bull and since then we have just had cyclical bull markets in gold.

I for one do think that a huge secular bull in gold is in the making. While all of what you said is true in the end, I have always believed and still do that the strength of the dollar determines the price of gold and we are going into a long term period of a very weak dollar.

I am in the camp of those who believe we will see much higher prices. But for now I think most of the money has been made on this leg and gold will need a correction before it can move up significantly. I think it will be very instructive to watch that correction and compare it with past corrections of recent vintage for clues as to whether the long term bulls are correct or whether you are correct.

Little joe
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