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

To: paul ross who wrote (96532)	12/2/2003 11:38:54 AM
From: IngotWeTrust	Respond to of 116814

IF you had either the time or the inclination to wade back through 60,000 posts on this thread, you would find me stating years ago that London PM FIX above 1990's $423.7x to which you refer... ...is the next significant number that will be bandied about as PoG resistance. I even went so far as to tell Richard Harmon, aka longgone back as recently as the last 2 years that I wasn't going to be a true believer in any gold market until London PM fix of $423.7x was taken out, shot and given a decent burial. <font color=green>So, I changed my mind and turned true believer earlier than $423.7x Shoot me.</font> We have such a different "gold world" than we did in 1990--just dealing with the necessity to get the EURO launched for starters! Then there is all that luscious gold consumption of VLGP mineable reserves all gone-y-gone... consumed and spat out in the last 13 years...can't replace them puppies easily. But I AM SO VERY GRATEFUL for the ongoing 11 million to the recent 25 million oz recycled gold scrap availability during these last 13 of 22 years of bear market in gold. Hasn't hurt my $20 oz gold cost recycling biz in the least. In fact, it has provided significant equipment upgrading at industry rock bottom prices as well as claims acquisition at dirt cheap prices during the pooh-pooh phase just ended. And said disparaging of PoG phase granted me the luxury of duplicating my successes in the scrap platinum market as well...smaller discard supply, but less understood and still copious quantities, I'm bringin' er in at under $38/oz for all 4 PGMs in one sequential process...a whole new arrow in me quiver. I wrote that one Pt for $38/oz cost biz model up & got it published when Pt was $570ish...that is now above $775 and shows no sign of abating either. Just released the third biz model in that series...the hobbyist way of "Keeping the Plats outta Cats fer yerself," kit. Medicine/GLOBAL clean air standards/alternative energy<---read "fuel cells"---technology is relentless in its ever spiraling march to spur demand driving all PMs, even lowly silver eventually higher pricewise going forward. $423ish is going to present only a squashed bug on the Bugatti Windshield of history on the current march to over $500/oz (and beyond in my opinion). Just thought I'd mention the $423.7x "resistance." Again.<g>