Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IngotWeTrust who wrote (97489)	4/19/2004 4:15:00 PM
From: gregor	Respond to of 116759

I agree with you that the premise that gold cannot increase in the environment of higher interest rates is wrong. More importantly is what the reasons are for higher interest rates. For my predictions on the future pog to be correct I would have to admit that a weakening dollar is a necessary part of my futuristic leanings. The greater picture is that for gold to reach the lofty heights predicted by many, fiat currencies in general will have to decline relative to the pog. No longer can we believe that weakness in the USD alone move the price of gold on a worldwide front. My only advice is to watch the near term. I feel that the economic forces that are bearing on the markets are in mega trends, I am no expert on wave analysis, but I will say that the forces that will bring about $1500.00 gold will take years possibly a decade to work out. There is a volatility to the gold market that is unlike any other market that I have ever followed and I would not recommend it for the faint of heart.