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To: nopardons

I think I will see it in less than five years.


206 posted on 09/22/2006 12:28:16 AM PDT by GodGunsGuts
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To: GodGunsGuts

I think that you won't and from what I know about you, the history of the markets, and previous metal market trends, I'd say that I am the one who is right. ;-)


207 posted on 09/22/2006 12:32:01 AM PDT by nopardons
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To: GodGunsGuts

Remember the way gold was ambushed at $700 and knocked back down under $600. I don't have any data on this, but judging from the sharp and fast revesal at $700 I would bet there was heavy short selling around $700 along with heavy profit taking on long positions. I just bought some of the Gold ETF (GLD) at $568, just for a trade. I think it's likely to bounce back up to $600 as oil bounces back up in the next few months. That's of course assuming oil does bounce back up.


209 posted on 09/22/2006 12:44:09 AM PDT by defenderSD (Blogging from a secure, undisclosed location in the southwestern United States.)
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To: GodGunsGuts; nopardons

$1650? I strongly doubt that gold will reach that price any time in the next 30 years. When gold went above $600, there was a signficant decline in demand for gold in gold jewelry. I saw an article about people in India switching to lower grades of gold jewelry with less gold content. Unless inflation increases by another point or so, I don't think you'll see gold move above $700 any time soon. Inflation is apparently now starting to decline as oil supplies are beginning to grow slightly faster than oil demand and economic growth is slowing down. That is a close race but it looks like the oil producers are starting to increase excess capacity a little beginning next year.


210 posted on 09/22/2006 12:55:49 AM PDT by defenderSD (Blogging from a secure, undisclosed location in the southwestern United States.)
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