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

To: Tommaso who wrote (22997)	12/6/2010 4:54:19 PM
From: carranza2	Read Replies (1) \| Respond to of 29622

Nothin you don't already know, but since no one has posted, I might as well put this up for public consumption. thestreet.com

To: Tommaso who wrote (22997)	12/6/2010 6:23:56 PM
From: GST	Respond to of 29622

The fundamentals for gold are so strong that the real issue as I see it is how fast it moves up. I suspect that it will move up modestly -- and by that I mean doubling every few years over the next ten years. At that rate, three doublings would take us to $12,000 over a ten year period. On the other hand, life is frequently punctuated by breakpoints, and we could see some periods where much sharper moves up are possible -- in other words, we could see AVERAGE annual appreciation with a doubly of price every year if conditions for currencies continue to deteriorate at the alarming rate that now seems like a distinct possibility, if not the most likely scenario. What I do not see is much of a purpose in debating the reasons why gold moved up 'today' -- any more than I wonder why the sun came up today.