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

To: Real Man who wrote (88208)	7/23/2002 12:11:49 PM
From: goldsheet	Respond to of 116972

> I think most people here are looking at gold in rearview mirror. None of us can predict the future, so looking back at history is the only thing any of us can do. Looking at charts and using TA is basically an attempt to guess the future based on the past.

To: Real Man who wrote (88208)	7/23/2002 12:12:34 PM
From: Zardoz	Read Replies (2) \| Respond to of 116972

My Prognosis has been a long time ago, where I said the US Dollar index would be range bound around 106-108. This comes from the well known fact that there is a G7 currency intervention going on for nearly the last two years. I never believed that gold could reach $320, nor do I declare the valuation of it around that point is justified. The US Dollar will not crash, since the long term rates don't warrent it. The economy bubble of loose money is draining fast, and this is why the stock market bubble post Sept 11 is unwinding. THIS is near the fair market value for equties... The NASDAQ hit my 1275 range prediction, but the Dow is below my 8700 range prediction. The fact that it declined below my prediction suggests that I mis calculated earning going forward from Jan02. Asked if I'm a buyer... Not today. Catching following daggers is a dangerous job. A price jump to $500 gold is out of the question unless some nuke fear. Will the XAU still at this price, not likely. The POG may bounce around for days, and thus drive the XAU around. ABX earnings are now slated for Thursday, and should prove to be of interest to all. This will likely give the direction for the Gold index's going forward for months. A 23% increase in 2 years for the average POG need not be called a bull market, because that is a short duration.. Within any Bear market a cyclical upturn is plausible.