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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (4132)	6/3/2009 9:13:52 AM
From: Rarebird	Read Replies (1) \| Respond to of 26251

<< When that correction is over do you see some longer term clear sailing?>> After the correction, Gold should rise to US $1200-$1500 by the Fall 2009. Then I expect the next leg down in the secular bear to begin. In contrast to the dramatic plunge we saw over a short period of time, I expect this decline to be a very slow drawn out two year Chinese water torture decline, (punctuated by a few sharp rallies) which will bring the S&P down to 400. The POG should fall to $875 and the miners will not be immune to the devastating decline.