Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zardoz who wrote (54200)	6/13/2000 12:42:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 116764

Hutch, I am still seeing you as outright bear in the Gold market. Today's gold price move is not fading at all. Soon, gold will break that important $300 mark. There are whole bunch of good blue chips in the Dow, many good stocks in the Nasdaq. But these Dow and Nasdaq are indeed what you are talking about "fading". Your talking about gold vs Currencies especially US dollar, that Dollar index is fading also. I see Dow will soon below that 10,000 mark and Nasdaq below 3,000 mark, and I see it sooner rather later. When Dow for the second time traded below that 10,000 mark, I see US dollar index below that 100 mark. When these do happen in the near future GOLD will be $365. CRB displays very bullish since 1997-98 bottom, CRB could not lie, CPI monthly data goes up and down, as far as inflation indicator is concerned CRB index is a much better indicator. Watch that gold break out on the up side by breaking that $300 mark, and gold will take off BIG time. And I am not kidding you AT ALL. JP