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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (21147)	6/11/2004 11:43:08 AM
From: sea_urchin	Read Replies (2) \| Respond to of 82192

Phil > Who knows where the price of gold may go, but I think that $300 is an extremely pessimistic possibility It's not a thumb-suck. The figure is more-or-less the lower parameter on a long-term, multiple regression analysis which I do and have done for some time. For the past year or so the gold price has been bumping up against the upper parameter and then falling away but if the bullishness comes out of the market, as it invariably does, then the price will fall back to the lower parameter, as it has done many times before in the past 20 years, or so. The cycle then repeats itself. But, unlike the various gurus and Messiahs who frequent the portals of gold price forecasting and who, being clairvoyant, can predict the future, this is only a statistical analysis of what has happened in the past. Thus any forecasting ability which the method may have is only that which is based on statistical probability, and not on any God-given or supernatural quality.