Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Robert Floyd who wrote (5254)	1/5/1998 1:23:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116753

Bob: Thanks for the WSJ article. I'm not sure about $250-$300, but there is little doubt that gold will have to build a substantial base before a major trend reversal can occur. My guess is $270-$300 during the first half with a move towards $325 by year-end. Really strong upside action not likely until 1999 barring some unanticipated global calamity. Today's big drop in gold again illustrates reflects both Asian selling and further strength in the dollar. Still looks like we are now experiencing the final blowoff highs in the dollar and bonds as well the final steep spike down in gold and commodities. AG bogey shifting from inflation to deflation very bullish for gold longer-term.