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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (59441)	5/11/2002 4:36:17 PM
From: Louis V. Lambrecht	Respond to of 100058

Way to go LD. A bull market has three phases: the early smart money, the recognition, the greed. IMHO until $325 we still are in the early smart money, greed would come above $600. $600 is the Veronoso study for a current fair valuation of the metal. Although in the "conspiration" camp, he has deeply checked all available data and his target can be considered as a low range, thus more probable. At the high range, you can take the all time high of $800 which becomes $1600 Dollar inflation corrected. So, the bubble also has way to go. LOL. Let's just prepare for a 325 to 600 rally which can, or will not happen. Lesson learned: in the tech bubble, shoudda taken my chips of the table in 1999, I coudav taken 3 years of vacation and still have more money in my account than today. The life out there is what is happening while you are trading.