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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Riskmgmt who wrote (7141)	6/11/2006 5:39:24 PM
From: energyplay	Read Replies (1) \| Respond to of 217820

My track record has been reverting to mean about the past 18 months ;-). TJ has done better, and I think SoT, Taikun, and Tommaso have also done better. I have a price range for gold, maybe 1400-2500. That's a big range, and my selling would depend on what else is happening. I would look at the POG price of gold in oil also. As you have pointed out, there's a lot of relativity in the prices. Think of gold at 1400 when oil is $ 55 and copper is $2.70 and US treasuries are 7.5 %. Now think of gold at 2000 when oil is $100, copper at $4.50, and treasuries are 5.5% I think the first example is actually a higher real price for gold. So I might be selling in the first case, and maybe holding out $2500 in the second case.