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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (9608)7/7/2008 2:34:44 PM
From: Hawkmoon  Read Replies (2) | Respond to of 33421
 
If the chart is anywhere on path gold will explode and do its best in the 2017 to 2025 area. I also think it will explode up from somewhere around the 1000 level.

And since US demand is only part of the total oil equation, I still can't see how the USD weakening against gold, or it's other easy arbitrage instrument, oil, would justify buying DUG..

In sum.. if Gold goes through the roof against the dollar, how can oil not follow suit?

Hawk