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To: yard_man who wrote (124640)9/21/2001 12:06:11 PM
From: ild  Read Replies (2) | Respond to of 436258
 
Based on old Kaplan's formula gold-XAU=220 xau should be at 70 now. Again, how can we trust his formulas if he was
Aggressively accumulating U.S. high-technology shares, with an emphasis on QQQ as of August 17

goldminingoutlook.com

Just noticed he introduced another formula:
XAU = (gold price - 160) * 0.5.
Which gives XAU = 65



To: yard_man who wrote (124640)9/21/2001 1:59:44 PM
From: pater tenebrarum  Respond to of 436258
 
i will, if i hear anything more...it could be just an unfounded rumor. anyway, how many people do you think now wish they'd held gold issues instead of tech crap?
true, the performance of the gold stocks is a bit disappointing lately, as everyone seems to believe the rally can't hold. i beg to differ...i think the funnymentals are now all lined up. but of course, the gold analyst of HSBC has already promised that "it won't be ALLOWED to rise above $300". i.e., the manipulation has just been confirmed from the horse's mouth so to speak, and they believe control won't be lost.
however, we have just witnessed that the market is more powerful than ANY single participant, or ANY central bank.