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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: dospesos who wrote (1082)9/18/1998 11:03:00 PM
From: Giraffe  Read Replies (1) of 81766
 
>>Under the best circumstances I can see, it could go as high as $420 by 2003-2004. <<

Pretty safe bet. When I look at the gold charts for the last 20 years its clear that the natural range for gold is between 300 and 420 - give or take 20 bucks.

also the mean price is dropping over time ... probably due to lower production costs.

Myself I'd be pretty happy to see it get north of 320 and 350 would be just delightful.

Re. the $3000+ scenarios ... I tend to dismiss the cataclysmic views, heard it too many times over too many years.

In the real world I think the big boys accumulate when gold is under 300 and they get very seriously interested in selling when it hits 400. Maybe sooner.
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