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

To: Taikun who wrote (54434)	10/19/2004 3:49:51 AM
From: energyplay	Read Replies (2) \| Respond to of 74559

Hi Taikun - Someone once calcuated all the gold stocks had a market cap of 70-80 Billion, less than Cisco alone, and if 0.00x% of money went to gold stocks, they could not handle it. I also think most of the good juniors are pretty picked over, and what's left are Mongolia, Laos &n Zimbabwe plays, marginal ore bodies, ore bodies way up in the frozen outback, often associated with the (ahh-hemm) more marginal financial types associated with the Vancouver stock exchange. Now that is my prejudice, and I'm sure I may miss some good deals. But we've have a gold boom for about 3 years now. One technician pointed out that if gold goes OVER $430, it should run easily all the way to $500. This seems reasonable to me. I might pile in at $440. Hathaway has talked about gold going to around $ 1500 - $2000. As for getting a lower US Dollar, I need to look up the "Plaza Accord" on the web. This has been done before. As for the China stories, there's a little to it, but some of it sounds like marketing hype along the the lines of the "Muslim gold dinar"