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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: jocko who wrote (1815)	4/5/1998 12:03:00 AM
From: MAKAMAI	Read Replies (1) \| Respond to of 2635

Hi Jocko, The POG made a nice move on Friday and has the TAs all excited by closing the week very close to the 200-day MA. Last October, gold reached its 200-day MA mid week but fell back. This is the first time in two years or so that gold has closed the week very near to its 200-day MA. I found some interesting projections from a couple of posters at KITCO, with a little TA to go along with it. FWIW, I've included it below. Lets hope that as some predict, once the majors take off, the JRs will follow close behind. Anyone care to make any predictions on what the POG might be one month, six months and 1 year from now???????? Bert >>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<< JP (Gold Rise Projection) First phase--1972--1974----- $35--175----- 5 times Second phase--1976--1980---$100--850---- 8.5 times Third Phase ---1998- ? --- 280--- ? I suspect the third phase will be a minimum of 10 times the second phase which implies $ 2800 + >>>>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<< Some of you are having trouble believing a price of gold in the thousands of $$/ounce.Let's do a little calculating: 1932 DOW=42 1998 DOW=9000 9000/42 = multiple of 214 1932 gold=35? ( or was it 1933? ) 1998 gold=300 300/35 = multiple of 8.6 Now let's compute the POG at the DOW multiple of 214. 35 x 214 = 7490. How does gold $7490/oz sound?? Now let's compute the DOW at the gold multiple. 42 x 8.6 = 361.2 How does DOW 361 sound?? Simplistic, yes. However, the rough relativity of values is way out of scale here. Either the DOW has got to come way down, gold has got to go way up, or both. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<< Check out the charts on The Privateer, it would appear a real bottom is forming/has formed :~)))) the-privateer.com