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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (44356)10/30/1999 9:52:00 AM
From: Ironyman  Read Replies (1) | Respond to of 116753
 
Rose, This is the second bottom of a classic "W" pattern, where I fully expect gold to rally somewhere between 600 and 1000.00!
.....Yes,,,If the DOW is at 10,000, then gold should proportionally be at 1000.00 per ounce! Reality must be met with the same reality, whereas I doubt Wall Street would allow the Dow to fall back to 5000.
Regards,
Irony Man



To: IngotWeTrust who wrote (44356)10/30/1999 1:11:00 PM
From: SwampDogg  Read Replies (1) | Respond to of 116753
 
I totally agree with you but do you have this backwards?

"And since the greenback is worth less now than it was a mere few weeks ago, the net effect in other currencies is even LARGER than those mere $50 in POG improvement."

Isn't the effect on other currencies SMALLER if they have been strong against the dollar?


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