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


To: TobagoJack who wrote (26036)12/5/2007 9:42:37 AM
From: carranza2  Read Replies (2) | Respond to of 218178
 
Chinese jewelry demand continues uninterrupted by high prices.

A delicious bit of irony I know you'll appreciate: Citi is bullish on gold.

gata.org

I am now convinced that if one treats gold dispassionately [think you can do that, Jay? vbg], like any other commodity, there can be profits. In that regard, it is an undisputed fact that gold has actually lagged other precious metals and might actually be a value play, particularly as CBs actively attempt to suppress its price as noted in the Citi report and other credible reports. Attempts to suppress price don't ultimately work, IMO. The fact that it has risen against all currencies is good, too. Next to no currency risk involved, it appears.

I think we'll see gold at $1k sometime next year.