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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (29096)3/5/2003 11:56:48 PM
From: habitrail  Read Replies (1) of 36161
 
Wow. And just think, not so long ago you had this to say:

<<For Gold; we may see a multi-year stair-step move to $500, or $600 and then end the cycle with a traditional speculative blow off top like we saw in 1980...

The real story may turn out to be; whether true Fiat Currency survives the first decade of the new millenium ?

This is a significant turning point in Global History and the US Markets are still priced at speculative, euphoric Bubblemania valuation multiple levels... and given both Corporate and Individual Debt Levels; given that we just played the Mortgage Refi-Boom Card... the future is not bright.

DOW 5000, S&P 500 and $500 Gold - all seem like "fair value" terrority over the coming 2-3 years imho... where we go over the coming decade from there, will imho be determined by how the War on Terrorism plays out... and then perhaps how Korea and/or China play out as the next threats; with China the rising Global Power as both a militaristic and economic threat...lying dead ahead...just after we'll emerge exhausted, debt laden & misallocated from the War on Terrorism... China with their exploding growth and exponentially expanding financial warchest... interesting times indeed....let's just hope those Chinese grow ever fonder of ole' Yeller vs Mr. Greenback...>>

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