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jrhana

01/01/03 12:19 PM

#60577 RE: leekramer #60563

I believe in Richard Russell's call for a return to a 1/1 DOW/Gold ratio at around 3,000.

Yes that is right 1/1

That to me is pretty impressive if not monstrous.
Although inflation certainly clues in, think of the dollar which may be entering a free fall.
Of course it won't get there in a straight line and it will take time.
Maybe 4-6 years????
If the general equity market could have a bull from 8/1982 until 3/2000, I think gold could manage 4-6 years. To me we have been in a gold bull market for over a year now so that would give us another 3-5 years.
Volatility will certainly rule.

Repolishing my crystal ball that's still what I see.