I would agree with your time frame, three to four years. Between now and then a rise to 340 is very possible, particularly with y2k looming. Whatever the consequences of that event, a pop is likely. Other than that, it is difficult to reverse the dynamics of the current leasing program, there is just too much at stake and even with the global stresses, the US is in a monopolistic situation that is likely to last for a number of years. The truth is no matter what happens to the POG, there is a lot of money to be made. Never has a country enjoyed the position that the US does today, its economy, lanquage, and culture is dominating the world. To the victor belongs the spoils. Gold should be viewed as a hedge and not the salvation it is being given on this board.
Keep on turning out those nuggets.
Ken
Sorry Richard, this note was intended for ole49r and since I do not want to rewrite it I will have to rout it thru you. |
