Sons and Daughters of BBCMF , Dow 30 With Point and Figure Charts , Dow Discussion...

[NYBob]

Gold $gold PF chart bullish price objective $1,125.--/oz -



The break in IT cables has caused disruption to POG Gold -
to net services -
in the Middle East and India -

http://news.bbc.co.uk/2/hi/technology/7228315.stm

The cause is still not known.

Repairs will involve a team of about 50 people, including
navigation experts and cable engineers, said Flag Telecom.

The ship that will repair the first severed cable is already
in place, with repairs underway, while the second vessel
is expected to begin work on Tuesday.

Bespoke ships

"It will be a highly technical job and should take a week
to complete," a spokesperson for Flag Telecom told
the BBC News website.

The cause of the damage has not been officially confirmed
but there have been reports that the breaks were related
to a tanker dragging its anchor along the sea bed.



Disruption after web cables cut -
to biggest Gold buyers in the world -

Indian call centre workers -
The outsourcing industry has so far seen few problems
Firms across the Middle East, India and Bangladesh are
experiencing disruption after undersea broadband cables
were damaged between Egypt and Italy.

http://news.bbc.co.uk/2/hi/business/7222411.stm

The more manipulations to the POG -

the Higher POG will FLY -


I have no concern whatsoever with regards to the gold market.
I see this all as noise as gold heads to $1650.

Isn't $1065 quite close to $1050?

I imagine Mr. Hulbert's price objective is a compliment.

The coming gold surge
Commentary: There are plenty of factors aligned to drive prices up
By Sean Brodrick, Money and Markets
Last update: 12:01 a.m. EST Feb. 4, 2008

JUPITER, Fla. (MarketWatch) -- Gold has enjoyed a great run
over the past few years, but it hasn't been a straight path.

There have been enough dips and outright plunges to make gold
traders feel like they're riding the devil's own roller
coaster.
But one strategy has worked time and time again:
Buy the dips.

It takes courage to buy when everyone else is selling.
But if you do your research, you can act with confidence
that even if gold dips lower than you're buying it,
the upside potential is huge.

My preliminary price objective for gold is $1,065 per ounce,
and it could go a lot higher than that.
Let's look at some forces driving precious metals higher.

gold production fell to a 10-year low of 2,444 metric tonnes
in 2007, according to Gold Fields Mineral Service.
This year, production will likely drop again.
While China is producing more gold -- up 12% --
South Africa's output is falling off a cliff, down 8.1%.

Gold miners are exploring frantically, but the mother lodes
are getting harder to find. This should drive consolidation
in the industry going forward as the big companies gobble
up the smaller fish to replace their reserves.
Imo. Tia.

More…

http://www.jsmineset.com/

God Bless

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