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.

Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (4865)	4/25/2004 1:07:08 PM
From: TH	Read Replies (1) \| Respond to of 60918

Spotted.Cat, I'm not a member at Ihub, so I could not access your link. Short term, anything can happen with the POG. Last week the shorts had some momo and could not wack gold below 390. In Jan/Feb I was convinced that POG was going to test 365-372, but it did not. I'm looking to add bullion, so if POG goes lower then I'll have an opportunity. Breaking 390 is going to do some technical damage, so I would hope that we just churn in this range for a while. I really do not have any confidence in my short-term roadmap for gold. I am much more confident that the next 1-5 years are going to be very interesting for gold, and bad for dollars. And unless I sell bullion during the blow-off top (unlikely), I'll probably end up just preserving my current dollar purchasing power. Not very sexy from a traders perspective. Inflation is like fire, and its hard to tell when its burning out, so it difficult to pick a top in gold. Then again, Alan is confident we don't have any real inflation concern -g- EDIT: Most interesting will be what the dollar does next week. Anymore strength, and I will hold off on any gold purchases for a while. I think the dollar turns down next week. TH