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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (88561)11/6/2007 7:05:05 PM
From: bart13  Read Replies (1) of 110194
 
My current best guess is either roughly $5,800 or $3,600.
The last bull moved over 20x from ~$35 to $850, and 20 x $250 is $5,000... and that data and $2-4 will buy you a decent cup of coffee. <g>

I don't see gold correcting below $600 or so... and also remember how bummed my father was when gold dropped from about $190 to about $103 in the 1975-6 period. I only had a few ounces at the time so it wasn't very painful.
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