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

To: Bobby Yellin who wrote (20736)	10/5/1998 5:33:00 PM
From: Giraffe	Read Replies (2) \| Respond to of 116836

I'm pretty unimpressed when someone says 'they just don't understand why gold is not $400 given the current turmoil yada yada yada'. It took 18 years to get the price down to where it was in August so its gonna take a while to get it back. Not nearly as long as it took going down but it won't just instantly zip up to $400 within a few days. When I look at the monthly chart of the London pm fix for the past twenty years and see where the big slow technical indicators are heading at this moment ... I'm very happy to wait a few more months. There is a strong case for a big upside move still to come. We're not overbought at all in the 'big picture'.