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To: SouthFloridaGuy who wrote (583)2/4/2002 11:06:13 PM
From: Wildstar  Respond to of 851
 
>>>The reasoning, of course, is based on gold's historical trading pattern to previous long-term tops as well as general rules of thumbs for new bull markets (3-6x the high of the previous).<<<

Are you refering to the price of gold or to gold mining stocks?

I thought that the price of gold (the metal) has pretty much gone in cycles (never higher highs on successive bull markets).

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To: SouthFloridaGuy who wrote (583)2/5/2002 8:43:13 AM
From: TATRADER  Read Replies (1) | Respond to of 851
 
I am looking for a currency crisis...The Japanese are the first card in the deck...The FED,JPmorgan, Goldman, Bank of England, etc..are not going to be able to control the price of gold as in the past...When the Asian people continue to acquire bullion with both hands, those short derivative players in the US are going to have to cover, and the result, an explosion in bullion....I am not a proponent of 2000 an ounce gold but firmly believe that 500-600 bullion is doable...Regards, Mark

P.S. off to a conference, have a good trading day....