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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (1403)	3/6/2004 8:28:05 PM
From: yard_man	Respond to of 116555

Van Eden believes that the bull in gold (if there is one) is completely explained by a dollar bear ... that's ok for now, but one has to realize with the USD having its reserve currency of the world status -- there's more going on. All his reasoning and work are fine as far as they go -- and I really did enjoy a piece he wrote on kitco -- which charted gold versus a GDP wieghted basket of currencies. Is 750 the current value for gold?? <g> I think the current value of gold is determined by the markets <ng> All his work tells me is: It is very early in the bull market for gold. Very early stage. Just like Bernie Shaeffer mentioned in his piece a little while back (coming at it from investor sentiment standpoint). His analysis in terms of currencies I think is good, but I think you have to include the socio-political backdrop as well to understand gold.