SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (90953)11/8/2002 4:11:05 PM
From: T-Lo Greens  Read Replies (1) | Respond to of 116815
 
I wasn't trading gold miners until about 2 years ago. My first purchase was DROOY in the $1 range. My forecast for both POG & XAU movement has been correct all year, so I'll abide by my model until proven wrong.

I'll tell you this, IF we go to war with Iraq POG will spike to about $327 and then drop from there. If we manage to avoid a war then POG will trade in the $270-285 range and gradually decline from there.

Another prediction - those holding junior gold miners long term will be left with about 80% of those holdings as worthless certificates in 3 years.