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

To: goldsheet who wrote (97443)	4/15/2004 12:10:43 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116912

I'm expecting a significant low in PoG to be made in this very short term time frame...days not weeks... and then... Us goldbugs will be watching PoG inexorably march higher, THRU $430 with relatively little fuss, and THEN said PoG rally not really halting until within spitting distance of $480 before Summer 2004 is over. The US$ is very toppy in here on a 25yr continuous dollar chart. It is actually bumping a 50% retracement level from recent high to recent low in this 91-92 U$DX level. I believe it will start back down soonly, and decisively. Political considerations both here and abroad demand that US$ move down to the mid 60s range before a meaningful economic policy change reverses the horrid triple deficits this country is running. This will occur regardless of who is in the Oval Office in my opinion. While Presidents come and go, economic cycles are predictable. Did you hear Siedman utter the "I" word just now on the talking heads channel? He actually said the FR doesn't get it and is behind the inflation curve, and that an interest rate boost of an additional 1% here "will NOT 'do it.' " Interesting times.