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To: At_The_Ask who wrote (61743)12/15/2002 4:41:28 PM
From: Moominoid  Respond to of 209892
 
The only reasons for gold to go up long term are a big shift in ongoing investment demand that overwhelms the rate of new exploration and development or inflation which raises costs of production.... and then there is all the Central Bank gold waiting to be dumped still.



To: At_The_Ask who wrote (61743)12/15/2002 4:57:49 PM
From: skinowski  Read Replies (2) | Respond to of 209892
 
FWIW, Prechter and the EWI think that gold still hasn’t completed its long-term bear trend, and they expect the price to dip below $200 before a long-term bull in gold begins. (Don’t shoot the messenger –g)

I was up on GG about 35% over the past couple of weeks or so, but sold Friday at the close. Could well be early, but it’s OK. Will wait for another entry.


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