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Strategies & Market Trends : Group Therapy
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To: country boy who wrote (4546)4/3/2004 4:17:43 PM
From: E. Graphs  Read Replies (1) of 4564
 
Country Boy,

Here's one more on tech ETFs. I see a lot more written about ETFs now that they have become the new rage.

biz.yahoo.com

I think gold, silver, platinum, and copper as well as other metals have been undervalued for a very long time. The lack of investment into these areas has made them less abundantly available, so it is only natural to have a rise in price. IMHO, 420 is too low for gold. There are mines in South Africa threatening to close down at these prices. This will only take more gold off the market and cause further shortages at the same time demand is rising.

I expect to see gold priced well over $1000/ounce before long.

I believe there is a lot more upside to silver as well. Not only is silver regarded as money, second to gold, but it has a host of industrial uses as well.

E
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