Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Louis V. Lambrecht who wrote (25331)	12/17/2003 9:08:45 PM
From: TrueScouse	Read Replies (1) of 39344

Hi Louis: I've been assuming that the POG would correct down to about $380 before the move through $415, but now I'm not so sure. It's looking strong on the North American overnight markets, and I see that the gold price in Japanese Yen is very close to breaking out to a 10 or more year high: stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14] The Japanese have the highest savings rate of any country on earth, so it will be interesting to see if the psychological effect of their currency going to a new "low" against the precious metal translates into increased demand for gold. Looking forward to tomorrow... :^) Best regards, Howy

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