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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Surething who wrote (4320)12/16/1997 9:41:00 AM
From: CuriousGeorge  Respond to of 116753
 
Commodity Charts and Analysis

Here is an interesting site to check out.

tfc-charts.w2d.com

Anyone interested in buying physical gold,
but waitng for the "bottom" or a turn-around
may miss the boat. Gold may decline more,
it may go to $250, $220;although it is hard to
imagine.

Begin accumulating, average down if gold
continues its decline, don't be a spectator.

When gold does turn, it may possibly jump
$50 to $100 in a day or two as the shorts climb
over each other trying to cover.

There is an enourmous short position against
gold that most analysts believe cannot be
covered.

Imagine a year or two or three from now; when
(if) gold is $1000 or $1500 or $2000....
will you lament the fact that you bought at $285
rather than $250??? I doubt it.

Just as nobody knows how low it can go ...
nobody knows how high.

Don't miss the boat.

Gold is the ultimate buy and hold at these prices.

IMHO - Regards.