Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: gold$10k who wrote (7683)	3/12/2006 10:11:48 PM
From: ItsAllCyclical	Read Replies (1) of 39344

Certainly possible, but in the 70's gold started around $50 and went to $250 before a sizable correction. A similar percentage gain would coincide w/$800-1000 range which seems far more plaustible before a steep correction. Also 1 year from now (or less) Bernake should be cutting again. Bad news (econ wise) will be viewed as bad news again (vs good that Bernake will go on hold). Given that the imbalances have only become worse since 2000 I don't expect good things as this unwinds.

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