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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (14673)	2/9/2002 10:36:57 AM
From: LLCF	Respond to of 74559

<While Gold was zooming up to my 'target' of $300, QUALCOMM zoomed down to $35. > But various other 'paper currencies' performed much worse! Take note that what we are witnessing is a lack of confidence in those 'currencies'... exactly what has happend over centuries and the argument for gold. IMO the fact that folks flee TO gold is irrefutable, you can look at the spike in '98 during LTCM or the 70's run up in this country.... Sooooooo, that leaves us with the zillion dollar question! Is confidence in paper assets waning or on the mend... IMO THAT is worth watching and indeed THE case for GOLD. DAK