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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (14918)6/29/2002 5:25:24 PM
From: Murray Grummitt  Read Replies (1) | Respond to of 36161
 
George, With gold closing at $313.90 fair value for the XAU is $78.47, therefore I see the $71.46 close on the XAU as being 10% undervalued already. Not that it can't become more undervalued! This model is based on a historic relationship of XAU = PoG/4, FWIW.



To: Crimson Ghost who wrote (14918)6/29/2002 6:16:15 PM
From: onedrill  Read Replies (1) | Respond to of 36161
 
George,
How do you expect the gold market (price) to develop vs. GATA?

I am considering a fairly large position in gold myself and I would enjoy hearing your opinion.

The GATA story can not help but scare the be-jesus out of anyone that reads it yet I would not expect that our bankers would allow to much of a gold rush. However, it seems like some sorta rather strong price action is certainly in the stars. Your opinion appreciated in advance.