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Re: Zeev Hed post# 281231

Sunday, 08/08/2004 4:13:27 PM

Sunday, August 08, 2004 4:13:27 PM

Post# of 704041
If the Fed raises rates this week, it may well do so. If the Fed backs off, it'll be the signal that they cannot protect the economy and the $US at the same time. The $US will tank, and Gold will pass $410.

I think that Gold is a lot easier to predict long-term, though. I think that "we" really want and need the $US to be trashed, and that will eventually happen. So I'm seeing Gold passing $1000 in the next seven years, and the miners quadrupling.

Given that the Market won't be going much of anywhere (as in 1973-1983), Gold will be the outstanding investment during that period.



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