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To: NOW who wrote (257889)	8/27/2003 7:15:18 PM
From: Secret_Agent_Man	Respond to of 436258

James Turk’s latest FGMR, (see goldmoney.com ) published on the weekend deserves consideration at this point: "My best guess is that gold will break above $366 within the next eight trading sessions. It will then grind for another week or two under $374, as the shorts try to defend their positions and keep gold from going higher. The shorts will lose though, if not this battle, then at some time in the future. But my guess is that they will have their head handed to them by the third week of September, at which time I expect gold will close above $374. Once $374 is broken, then gold will rocket higher as the shorts run for cover. I have noted in these letters how everything is coming together here at the same time. To repeat my view as stated in the last letter, "I expect that gold’s 8-month consolidation will end with an upside breakout from the pennant, which will send gold to at least $435, and possibly much higher, within two or three weeks from the day of the breakout. Therefore, be prepared for a very quick $60-$70 jump in the gold price." A great many technicians will be reaching similar conclusions this evening. from GATA