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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: gumnam who wrote (49183)	4/30/2004 12:17:19 PM
From: macavity	Respond to of 74559

I have no idea. Which is why I was hoping you would ask! :) I knew he bought at ~4.7 in 1997, and that he was sucking wind for a long time. Basically Silver has just hit the post-buffet high. If this Secular PM bull is still in tact, then there will be a prime buying opportunity in the coming quarters. Gold has to keep above its upward-sloping 55Mth EMA / 4 year moving average (or whatever one uses), and not to break its 2003 low of ~319/5 Scenario 1: This decline is simply an IT pullback within a LT (Cyclical) Gold-Bull/Dollar-Bear is still in tact. [Inflation] Scenario 2: This actually proves to be a Cyclical Dollar bull and Gold heads towards 4yr MAs (340-330). [Deflation] Who really knows? Not me. -macavity