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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (52266)	5/8/2002 11:35:41 AM
From: SirRealist	Read Replies (2) \| Respond to of 208838

Michael, the market precedes the metal and the miners have priced in a rise to approx $350/oz. already. Gold works in 20 year cycles and is clearly the worldwide hedge right now. If the Japanese yen, the Argentina peso, the EU Euro, and the US tech equities don't offer safety, all that's left is the Dow. And if that starts tumbling.... gold rules. So part of my equation is based on my belief that the Dow is overvalued and needs to correct, at which point, the need, coupled with the historic gold cycle, should drive the price considerably higher.