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

To: Rarebird who wrote (51827)	4/22/2000 9:57:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116972

My take on gold now is that we will have a decent rally when the dollar bubble finally breaks. But unless the shock of a dollar drop is severe enough to FUNDAMENTALLY CHALLENGE THE EXISTING GOLD PARADIGM -- the rally probably will not be very impressive. Maybe $300-$310 and XAU 70-75. The current gold paradigm can only be broken if 1) Investment demand jumps enough to break the current CB/bullion bank stranglehold on the price. or 2) the CBS themselves fundamentally reassess their attitude towards the yellow -- at least enough to substantially restrict the lease market. So this is not the time to be dumping gold shares, although there still is downside risk. But the upside potential for the next rally -- while quite worthwhile -- seems limited unless the fundamental gold investment paradigm is shaken to the core. And that can only occur if gold lease rates climb substantially and do not retrace again.