Gold and metals correction over???

Gotta wonder, the three days normal correction is compressed into one day of
down at -21 for the day, spring back was huge today.
This changes my opinion on gold, thought it would head to 600 by june 06.
But this strength is bothersome and suggests either i am completely wrong or
its headed to a thousand???????????????
BTW sprott asset management's chair had a full page interview in the toronto
star today. Anyone else read this?? The end in faith of paper money is
what i read.

Re: Gold and metals correction over???

Slim Bastard wrote:

> Gotta wonder, the three days normal correction is compressed into one day of
> down at -21 for the day, spring back was huge today.
> This changes my opinion on gold, thought it would head to 600 by june 06.
> But this strength is bothersome and suggests either i am completely wrong or
> its headed to a thousand???????????????

Unless the U.S. takes strong anti-inflationary action, gold could
definitely go over $1,000 in another year or so. Historically, over the
last 100 years, the gold price (in dollars per ounce) has tended to
fluctuate around an average level of about 1.1 times the S&P 500. So
for that ratio to get back to long-term historical norms, either the S&P
500 would have to fall severely (which I don't expect) or the price of
gold would have to exceed $1,000 per ounce.

When inflation became a major problem in the late 1970's, the gold price
hit a record level of around 5 times the S&P 500. If we got into
double-digit inflation again, gold could end up costing several thousand
dollars per ounce.

Before you think those numbers sound incredible, think how incredible a
Dow Jones Industrial Average of 10,000 would have sounded back in the
1970's when the DJIA never exceeded 1,000 for any length of time.



--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: Gold and metals correction over???

On oct 14th 1987 if you told me the dow was gonna be at 10k within ten
years, you'd be laughed off.
But this recoiling in prices (looks like will be down ten bux today if trade
deficiet is half normal) tells me the compression is all short term???
I try to be a student of the markets, but when you teach keeps slapping you
with surprises, whos to know?

"Steven L." <> wrote in message
news:bOTGf.8952$
> Slim Bastard wrote:
>
>> Gotta wonder, the three days normal correction is compressed into one day
>> of down at -21 for the day, spring back was huge today.
>> This changes my opinion on gold, thought it would head to 600 by june 06.
>> But this strength is bothersome and suggests either i am completely wrong
>> or its headed to a thousand???????????????
>
> Unless the U.S. takes strong anti-inflationary action, gold could
> definitely go over $1,000 in another year or so. Historically, over the
> last 100 years, the gold price (in dollars per ounce) has tended to
> fluctuate around an average level of about 1.1 times the S&P 500. So for
> that ratio to get back to long-term historical norms, either the S&P 500
> would have to fall severely (which I don't expect) or the price of gold
> would have to exceed $1,000 per ounce.
>
> When inflation became a major problem in the late 1970's, the gold price
> hit a record level of around 5 times the S&P 500. If we got into
> double-digit inflation again, gold could end up costing several thousand
> dollars per ounce.
>
> Before you think those numbers sound incredible, think how incredible a
> Dow Jones Industrial Average of 10,000 would have sounded back in the
> 1970's when the DJIA never exceeded 1,000 for any length of time.
>
>
>
> --
> Steven D. Litvintchouk
> Email:
>
> Remove the NOSPAM before replying to me.

Re: Gold and metals correction over???

So this is where you hang out when you are not in the echostar
satellite hacking NG calling everyone gay and making a general nuisance
of yourself?

Interesting.


Slim Bastard wrote:
> On oct 14th 1987 if you told me the dow was gonna be at 10k within ten
> years, you'd be laughed off.
> But this recoiling in prices (looks like will be down ten bux today if trade
> deficiet is half normal) tells me the compression is all short term???
> I try to be a student of the markets, but when you teach keeps slapping you
> with surprises, whos to know?
>
> "Steven L." <> wrote in message
> news:bOTGf.8952$
> > Slim Bastard wrote:
> >
> >> Gotta wonder, the three days normal correction is compressed into one day
> >> of down at -21 for the day, spring back was huge today.
> >> This changes my opinion on gold, thought it would head to 600 by june 06.
> >> But this strength is bothersome and suggests either i am completely wrong
> >> or its headed to a thousand???????????????
> >
> > Unless the U.S. takes strong anti-inflationary action, gold could
> > definitely go over $1,000 in another year or so. Historically, over the
> > last 100 years, the gold price (in dollars per ounce) has tended to
> > fluctuate around an average level of about 1.1 times the S&P 500. So for
> > that ratio to get back to long-term historical norms, either the S&P 500
> > would have to fall severely (which I don't expect) or the price of gold
> > would have to exceed $1,000 per ounce.
> >
> > When inflation became a major problem in the late 1970's, the gold price
> > hit a record level of around 5 times the S&P 500. If we got into
> > double-digit inflation again, gold could end up costing several thousand
> > dollars per ounce.
> >
> > Before you think those numbers sound incredible, think how incredible a
> > Dow Jones Industrial Average of 10,000 would have sounded back in the
> > 1970's when the DJIA never exceeded 1,000 for any length of time.
> >
> >
> >
> > --
> > Steven D. Litvintchouk
> > Email:
> >
> > Remove the NOSPAM before replying to me.

Re: Gold and metals correction over???

I have shares in dishnet, protect your interests where you feel like it.
<> wrote in message
news:
> So this is where you hang out when you are not in the echostar
> satellite hacking NG calling everyone gay and making a general nuisance
> of yourself?
>
> Interesting.
>
>
> Slim Bastard wrote:
>> On oct 14th 1987 if you told me the dow was gonna be at 10k within ten
>> years, you'd be laughed off.
>> But this recoiling in prices (looks like will be down ten bux today if
>> trade
>> deficiet is half normal) tells me the compression is all short term???
>> I try to be a student of the markets, but when you teach keeps slapping
>> you
>> with surprises, whos to know?
>>
>> "Steven L." <> wrote in message
>> news:bOTGf.8952$
>> > Slim Bastard wrote:
>> >
>> >> Gotta wonder, the three days normal correction is compressed into one
>> >> day
>> >> of down at -21 for the day, spring back was huge today.
>> >> This changes my opinion on gold, thought it would head to 600 by june
>> >> 06.
>> >> But this strength is bothersome and suggests either i am completely
>> >> wrong
>> >> or its headed to a thousand???????????????
>> >
>> > Unless the U.S. takes strong anti-inflationary action, gold could
>> > definitely go over $1,000 in another year or so. Historically, over
>> > the
>> > last 100 years, the gold price (in dollars per ounce) has tended to
>> > fluctuate around an average level of about 1.1 times the S&P 500. So
>> > for
>> > that ratio to get back to long-term historical norms, either the S&P
>> > 500
>> > would have to fall severely (which I don't expect) or the price of gold
>> > would have to exceed $1,000 per ounce.
>> >
>> > When inflation became a major problem in the late 1970's, the gold
>> > price
>> > hit a record level of around 5 times the S&P 500. If we got into
>> > double-digit inflation again, gold could end up costing several
>> > thousand
>> > dollars per ounce.
>> >
>> > Before you think those numbers sound incredible, think how incredible a
>> > Dow Jones Industrial Average of 10,000 would have sounded back in the
>> > 1970's when the DJIA never exceeded 1,000 for any length of time.
>> >
>> >
>> >
>> > --
>> > Steven D. Litvintchouk
>> > Email:
>> >
>> > Remove the NOSPAM before replying to me.
>

Re: Gold and metals correction over???

I can understand that..........but what is with the gay thing? And the
virus thing?

Do the guys on here know you ship out viruses and focus uncomfortably
on being gay?

Just asking is all........no biggie!

Re: Gold and metals correction over???

I only gave the anal wart things to your wife and mother, got my dick fixed
after that. Lemme guess, you got it from mom and are now drip dick???
<> wrote in message
news:
>I can understand that..........but what is with the gay thing? And the
> virus thing?
>
> Do the guys on here know you ship out viruses and focus uncomfortably
> on being gay?
>
> Just asking is all........no biggie!
>

Re: Gold and metals correction over???

*Bump for all to keep seeing the true you*