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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 366.09

-0.1%

4:00 PM EST

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From: gold$10k	7/24/2008 9:32:43 AM
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From an email at the Sinclair site... "'Eventually the price of gold will seek a price such that the price of gold in USD times the amount of gold held by the US Treasury will equal the foreign external liabilities, thereby balancing the external balance sheet of the USA.' This was said, written and advertised in Barrons in 1974 by Jim Sinclair when looking for $900 per ounce by the first quarter of 1980. Let’s assume that the US still holds roughly 262 million ounces (please save the snickering!). Since there will never be an audit, assume what they say they have, they do. Just released data by the U.S. Department of the Treasury reveals that federal debt held by foreign and international investors is $2438.6 billion." jsmineset.com FWIW, that method would predict a POG of $9300.

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