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

To: IngotWeTrust who wrote (97444)	4/15/2004 12:33:19 PM
From: gregor	Read Replies (1) \| Respond to of 116912

I agree that gold is giving an opportunity to enter in for all those that doubt. The metal itself is speaking out that the door is still wide open. Too many doubters to go much lower. Maybe one more head fake. It will rise in concert with the dollar as the dollar continues its fall. The way that I look at it: you would have expected a much sharper rise in the dollar given the weakness in the treasuries.

To: IngotWeTrust who wrote (97444)	4/15/2004 2:06:07 PM
From: goldsheet	Read Replies (2) \| Respond to of 116912

We are looking at indicators with the same concerns. You were one of the few folks who really understood why I brought up base metals in late 2002 (much better leading economic indicator than precious metals, IMHO) I think we agree on the scenario, just different timeframes. Siedman is right, the FRB doesn't get it and is behind the inlfation curve, which make me think it will take longer for the public to get it. Gold might continue to react negatively to news reports (like the last two), but eventually the same news will push gold up. The news will not change (higher sales, better economy, GDP growth, inflation) but the perception of it will eventually turn around. I think gold is good for $750 in the cycle, probably peaking into 2007/8, so I remain long-term bullish, short-term cautious.