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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (59652)	8/22/2006 10:33:08 AM
From: Condor	Read Replies (5) of 312568

Of passing interest... Peter Grandich of Grandich Publications was just now interviewed on ROBTV. He sees the gold price of $ 611 the other day as the low and believes it will now climb and see a new yearly high this year (over $ 745). He believes the all time high ($ 850 approx.) will be taken out next year. He disbelieves a connect between oil and gold and calls for $ 60 oil this year or next ? He believes the US $ is toast and when the US $ index breaks 80 that will trigger extensive collapse of global support for the US $. The commentator mentioned that Robt Prechter (of Elliot wave fame) was calling for major gold drop to $ 400 area. Grandich said that the only way that $ 400 would be met was if gold went to $ 2000 and they did a 5 way split. This ellicited much chuckling on the TV set. C

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