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


To: Little Joe who wrote (5516)4/30/2004 6:30:47 AM
From: crustyoldprospector  Read Replies (1) | Respond to of 60908
 
Hi LJ,

Generally, I agree with all your comments, though I am not convinced about the direction of the dollar in either direction as yet.

Gold at $350 is a reasonable target, and would mesh with an POG:HUI ratio of 2.3 at HUI 152. Again, a reasonable target, and fully within the guidelines of bull market action IMO.

Strangely, I think the gold market would be a lot better off if all that occurred within the context of a general market, crash-like event within the next few weeks. The hangover of nervousness would be good for gold, IMO. It's a low-probability occurrence, but one can always hope.

Regards,

crusty