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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (51932)	5/22/2002 4:06:09 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

uptodate account of gold suppression, excellent summation very thorough, many charts, impressive taken from GATA Yahoo Message Board / jw Our consultant Reginald H. Howe, proprietor of www.GoldenSextant.com, has just written a great essay about the increasingly troublesome suppression of the gold price. It's beautifully illustrated with some important price charts. You can find it here: goldensextant.com a key quote from within... John Doody at Gold Stock Analyst on Tuesday said he expects the growing red ink in the U.S. current account, which represents capital flows into and out of the country, to send gold prices far higher in the near future. Economists are concerned the current account, approaching 5 percent of America's gross domestic product, will persuade foreigners to cash in their dollar-related investments. "I see gold headed to $450. Foreigners have finally had their fill of dollars and are now on balance selling dollars to reinvest elsewhere," said Doody, whose top 10 gold stocks have gained 104 percent since Jan. 2. The newsletter editor says he expects gold to reach his price target by the end of next year. "Including this one, there have been six bull markets in gold since the U.S. stopped converting dollars from foreign central banks into gold on Aug. 15, 1971," Doody told me. "Four of the six bull markets have been driven by the current account deficit, and the smallest gain gold made was 76 percent. Since this move started from $256 in April 2001, a 76 percent move this time would be up to $450, and this is my target by end of '03."