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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (87045)	6/18/2002 11:23:23 AM
From: Real Man	Read Replies (1) \| Respond to of 116928

My naive thinking is that gold market has 8-year long term cycles, and we have at least 2.5 years to go to XAU 150 until the current cycle runs out. I also don't see how the falling bond market will support the dollar. Now, this is a relatively new development (7 mo old) indicating that the dollar will most likely fall. Falling interest rates (the bull market in bonds) were the backbone for the rising dollar. Now foreigners have no incentive whatsoever to hold dollars. I heard even the Russian central bank has to buy dollars in order to stop the rouble from strengthening! The next step is when the foreign CBs give up on US paper and just let it fall