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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (94836)	5/1/2003 6:08:38 PM
From: Real Man	Read Replies (1) \| Respond to of 116814

Make it almost a year. Forming a symmetric triangle there. A breakout over the May 2002 high will give rise to a doubling of XAU, likely move to LTR of 150. Sentiment figures showed as low as 18% bulls on gold shares in mid-April. That usually results in substantial moves. Then again, it's all in the dollar. Disintegration of THE world reserve currency will at first lead to frustration, moves to Yen and Euro, but then it will put real power under gold. The real power in gold is not jewelry demand. I don't expect silver to rally much yet - it has more industrial nature to it than gold. It will pick up and outpace gold, eventually. The shift of thinking is a very slow process. With a 25% decline of the dollar, gold deserves to be where it is, and higher. quotes.ino.com