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Hi,

I am a long term gold bull, but I am even more bullish on Oil. Sure it may fall back as 'low' as $80-$90 a barrel, but that is still a huge price for most producers. Also oil disappears - whereas gold doesn't.

In other words the Oil:Gold Ratio could narrow even further.

Over the next few months Gold may well trade in an 800-1000 range. This time of year is a traditionally quiet time for gold. Lead up to the Indian wedding season around August/September may see another climb.

I hold gold. Bullion can't be beaten for taking supply out of the system. EBay offers $200 gold coins, with a bullion value around $300. If the price of gold falls back, you still have a coin which is legal tender of $200 Link.


Joel