Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (726)	1/7/2003 4:20:23 PM
From: Broken_Clock	Respond to of 48092

Two thoughts.... from all I've read and learned since the gold bear began, it comes down to two primary drivers: 1)Gold is priced in dollars so it is strictly an inverse relationship. 2)Gold is in short supply and has been. The only way to meet the supply imbalance has been central banker sales. Therefore, given no new supplies hitting the market through mining, then the price will be a direct reflection of the inverse USD relationship. I see the dollar going down. I expect a major battle at the DXY 100 level. Gold is getting ready to test $360 on the next go round up. $330 battle is history. I expect xau to hold 75 on a weekly basis from here on out. Now that I've said all this I'll most likely be proven wrong!