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Date Posted: 17:31:09 03/27/02 Wed
Author: Ralph
Subject: Is GOLD on it's way ?

Nice spike in the gold price today..... up $5.80

I guess that is not too earth shattering, but let's put that into perspective for a second. $5.80 is just short of a 2 percent gain in one day, or almost twice what most savings deposit accounts are currently paying ANNUALLY !

Yea, I get a little excited on a good up day in the gold markets. I know a few others who do too. What, with all the suspected market manipulation and bad-mouthing of gold as an investment in recent years (for over a decade now actually), it's nice to finally be making some gains in something many of us view as a passion.

Talking late this afternoon with one of my regular traders in Dallas, he told me that it had been one of the busiest days he had had since just after the announcement of the Washington Agreement, which was the last "major spike" in the gold markets. "Something is up" he told me, "buy all you can afford". Yea, okay, we've heard it all before. Maybe it is going to the moon..... maybe not.

But there is alot of sentiment out there on the internet, in the press, on t.v. financial shows, and even in everyday conversation that just maybe gold is one of the few places to turn right now to save your ASSetts from the collapsing stock market and world currencies. Today, one of the governors of the U.S. central bank actually said that he thought "the U.S. dollar is overvalued". Even Maria Bartaromo has been talking up gold the last couple of days, in a total about-face to what she is usually spewing from the cue cards. And what was that she was wearing yesterday on the show..... A BIG gold necklace ???

Hey guys, when they start talking about gold again on the national networks and cable financials, that's a good sign it's time to listen. Get it while it's still cheap.......

Ralph

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