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by Country » Wed Nov 03, 2010 5:45 pm
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/3_Jim_Sinclair_-_Gold_Bottomed%2C_Dollar_Index_Headed_to_56.htmlThe dollar index is 76.40 right now. A drop of the dollar index to 56 would be a 26.7% drop. If GOLD would commensurately rise 26.7% to compensate for the dollar's demise, that would mean that today's GOLD price of $1347 would rise to $1706. Since SILVER has been appreciating twice as fast as GOLD, SILVER should rise 53.4%, from $24.76 to $37.98. Of course, if BUYERs' momentum speculation got behind that kind of a PM rise, wouldn't $2000 GOLD and $50 SILVER be possible? I think so.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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by beauanderos » Wed Nov 03, 2010 7:34 pm
I like the way you think, Bill
The Hand of God moves Worlds
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by fb101 » Wed Nov 03, 2010 8:58 pm
quite possible that could happen. He seems to think there will be long term stability at 56. I think by the time we hit that, the panic will set in.
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