Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Cogito Ergo Sum who wrote (35907)	7/9/2003 10:20:52 PM
From: EL KABONG!!!	Read Replies (2) of 74559

KastelCo, gold 330-335 around the corner ? Smart money says that gold might take out the lows from earlier this year and, if so, you're looking at a price of $300 to $315 as a new low, maybe sooner rather than later in the calendar year. US stocks are up, mostly on good news (albeit it only minuscule improvements in some industries), Asian stocks are again moving up (especially in Japan), bonds are moving down (except for the junk variety), European stocks are mostly under-appreciated, so an investor might reasonably presume that they have limited downside risk at this point. So... That means that there are plenty of alternatives to gold for investors and speculators alike. And that likely means gold still has more downside risk at the current quotations... KJC

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