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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (33139)	5/25/2005 12:57:58 AM
From: SOROS	Read Replies (2) of 110194

Here's Prechter in June, 2002: "If you’re a speculator, I wouldn’t chase it, unless it got to a point where you couldn’t ignore the fact that a new bull market has started, and that’s at least $70 away on the upside [from $330 today]. So I’m keeping my powder dry as far as getting completely into gold, as I think most people should. As far as how low it can go, I think it could get down to about $180 an ounce, which would be the buy of a lifetime. But we’re running out of time, and I don’t want to be too cute about it." Sooooooo, in 2002, Prechter said that one could NOT ignore the fact that a new bull market would have started if gold hit $400! Which is it with this guy? I don't put a lot of faith in his calls. I remain, SOROS

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