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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Michael July who wrote (2336)10/2/2001 5:01:44 PM
From: SliderOnTheBlack  Read Replies (2) | Respond to of 36161
 
Couldn't have said it any better than this:

(from the Gold-Eagle forum)

["ke) Oct 02, 14:45

the deed is done, this is a great day for gold

from that saville article:

"So what is a central banker to do? Stop lowering interest rates and risk a huge implosion of the fragile US equity markets or keep lowering interest rates and push real rates negative risking a huge gold rally and eviscerating the dollar? Greenspan faces a Faustian dilemma. Either alternative seems to be highly hazardous for general equity investors and potentially very lucrative for gold investors.

With money supply growth exploding, real interest rates once again approaching zero as in the 1970s, and the US equity markets experiencing the not-too-pleasant consequences of a speculative mania bubble burst and bust, there is a high probability gold is poised for a dramatic rally in the coming years. Virtually every conceivable macro-economic, financial, and supply/demand factor is lining up perfectly for a spectacular gold rally."...Steve Saville]

PS: Michael July ... no, I don't post on USA Gold; just yahoo & SI.

Gap fill is possible, so is a spike to $320 when the bombs start dropping & missle's begin flying; or God forbid...another act of terrorism; especially of the test-tube variety...in which case $400 could be breeched, but not for the reasons we want to see...