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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: gold$10k who wrote (9262)10/24/2007 11:52:16 AM
From: loantech  Read Replies (2) | Respond to of 29622
 
Hello VT,
I found this on another board. I do not know if it has any validity but was hoping for your comments.

<I agree with Bill that POG will come down but I will say I believe this next correction will be deeper than a $57USD sell off. We are now at $757USD POG. I see a more severe correction to the $615USD range. Using the 5 and 10 year charts and the mean of the two upleg divergences brings a correction to the $595USD level. I do not think the next POG correction will go below $600USD but could come close. As Craig said the catalyst will be a hold on lowering interest rates Oct. 31. Make no mistake this is an epic battle between false money(fiat) and real money(gold). The global banks and global governments that are in bed with the banks derive their powers from debt allowed by fiat and they know this. They will employ whatever "fraudulent paper means" needed to win.>