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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Chispas who wrote (57683)	4/27/2002 6:40:53 PM
From: lisalisalisa	Read Replies (1) \| Respond to of 99280

that chart looks bullish to me, at least for the next couple years at least. kitcomm.com The downward slope of the graph is due to benefits of technology and the resulting lower production costs, and not due to a change in demand or a change in the historical fact that gold has always been considered money and a store of value. IMO, the long term trend is lower, but see the red arrows on that chart? We seem to have reached an inflection point after the biggest downward movement displayed by your chart. Why would you expect a shallow correction? Wouldn't you expect a similarly powerful bounce? Other troughs on the chart seem to indicate the bigger the divergence, the bigger the resulting correction. Are things different this time? IMO, we will at least get back to the "1.0" area on the chart, either by SnP going much lower or gold going much higher, probably a combination of both.