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


To: TobagoJack who wrote (38378)9/18/2003 12:22:50 AM
From: marek_wojna  Read Replies (1) | Respond to of 74559
 
<<Yup, short term, trying to side-step the previously inevitable slide of gold back to the lows of 350, but unhappy to sit on HKD/USD in the meantime>>

Hi, Jay

You might be wrong this time as speculative force pushing POG up is acting in totally different manner than in the past. Big shots don't die easily but if they do you can compare the impact to the 1000 year old oak tree falling down. Another factor is the dollar which IMO will slide well under 90 level in the near future. CB's selling might be as well factored in present price. Lack of physical demand might be very short lived, E.Indians are being screwed up for the whole 18 months already. I'm 60/40 gold and cash in the case there will be a predicted by you dip to 350's.

Marek