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


To: Don Green who wrote (17917)9/7/1998 1:57:00 AM
From: PaulM  Read Replies (2) | Respond to of 116769
 
If gold goes to 250, I will have made a little mistake. If it goes to $200, I will have made a much bigger mistake.

In either case, I'd have to hold on for the longer term. It would historically unusual if the 18 year bear to which you referred never ended. I still believe ALL things go in cycles. Even gold (weak as it may look) and even the DOW (strong as it may have looked).

P.S. I began investing in gold and gold stocks late last year. Before that, it was stocks and treasuries only. Physical gold is something I just buy and forget about. It's not a trade. It's a bet that in the end the DOOM scenario plays out. If you perceive the chance of that is zero, gold is probably not for you.