1/14/2004

If you have purchased gold in any form you are about to get whacked. The dollar slide is OVER, or nearly so, and gold has risen solely because of the slide. Right now every two bit hustler on the planet is touting gold and FOREX as "sure things". I'd bail on futures right now because markets go down much faster than they go up. Gold stocks?, set tight stops because many of the mines cannot be profitable under $400 per ounce. Targets: Gold at $390 or lower, the EC at 115 or lower.

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