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Aug 31, 2004 8:20 am		Gold
Robert Davidson		I think gold is in a long term bull market as the reality of the twin deficits in trade and government spending hit home. Long term America and hence the world has a problem. Unless some of the hype of the 90's technology boom turns into real productivity gains then the market will have to wait for the next wave of dreams to carry it higher. To be sure some of the technology companies have found a sweet spot and are making real earnings growth but many are just broken dreams waiting for the market to clean them out of its system. In the meantime there will be lots of volitilty which is good for technical traders but for mum and pop investors the outlook in equities is bleak. Kind Regards Robert Davidson Director Datmatrix New Zealand ltd Private Reply to Robert Davidson (new win)

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