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To: Mike M2 who wrote (225270)3/4/2003 1:13:44 PM
From: Perspective  Respond to of 436258
 
A couple thoughts and a pretty picture for us gold bugs:

ttrader.com

That lower support line is rising at 85% CAGR. That is likely too steep to sustain for 10-20 years, but maybe not for 3-5 years. A shallower TL should be established in the future, I'm just not sure that future is here just yet.
By comparison, some favorite bubble stocks (eg MXIM, LLTC, HD, WMT, MSFT) enjoyed CAGR's of 60%-70% for 5-10 years.

Gold bull is in its infancy.

BC



To: Mike M2 who wrote (225270)3/4/2003 1:18:29 PM
From: RealMuLan  Respond to of 436258
 
You are welcome Mike.

Yeah, nominal per capita GDP does not always tell the story. Not to mention the prevalence of the underground/cash economy in China, which is not always in official stats. BTW, I read that GuangDong Province, now has a nominal per capita GDP of $6,000, and by 2010, they are targeting $10,000. Shanghai is about the same as Guangdong.

for example, a root cannel (for the tooth) costs about $400-500, and it only costs about $15 in China.