The Hot Button Questions:- Money, Banks, & the Economy Message Board

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Pastimes : The Hot Button Questions:- Money, Banks, & the Economy

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To: maceng2 who wrote (488)	3/14/2004 4:53:28 AM
From: maceng2	Read Replies (1) of 1417

Just been reviewing some old posts, and looking at this chart.. kitco.com Gold is in the wrong place imho. It should be way below, or way above where it is (approx. $400). My reasoning is $400 is the top of it's "range". Now if Gold is a good investment, demand will soar from here, otherwise the current investors will get discouraged and a dumping will occur. Maybe even a severe dumping, the usual gold story. (From a TA pov, we are seeing lower highs, as gold is primarily a TA type of investment, this will put on lots of pressure to sell as I see it. It may be a classic example where TA fails though too.) My current guess and betting is it goes up eventually. /edit. I guess I am just agreeing with these posts.. Message 19886323

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