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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (27604)1/21/2003 8:33:51 AM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<This could mean that we will see a minor peak in gold, maybe in the $450-500 range, driven by Iraq, then a slow, choppy decline because of lack of price action and apparent deflation. The over $1000 / oz stuff will require the printing of a lot more money, and that will take some time, and has just started. >

That all depends on what the world does with the dollars sloshing around. Look at the 'market cap' of gold, it could easily roar over $1000 just to get started.

DAK