Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (7683)	2/11/2003 6:51:14 PM
From: Canuck Dave	Read Replies (2) of 39344

Interesting theory, and it has its merits. Time frame might get compressed by all the hot money floating around these days and the structural imbalances in the gold market. In 1970, the US had just come off the gold standard and people weren't used to gold as a commodity. On the other hand, it's going to take a long time to deflate the market bubble and a lot of forces are working against a gold bull market. Every country who holds dollars and exports to the US (i.e. most of them) want the dollar to succeed. No crystal balls I'm afraid. CD

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