james mound..gold to 360?Just read a piece over at gold eagle by james mound,he thinks gold is going to 360.Not sure what to make of it,but it would be a good time to buy back any juniors nearer to their true value.People are badly in need of money to pay their debts,will they sell gold to pay them off?Just a thought.From what i hear many at the pdac expect gold to hit 475 this year,i wonder if that explains the total lack of interest in juniors or are they foretelling 360?With everyone at the mining conferences saying buy juniors,you know what that means.The next fleecing will be in the juniors,many of whom have no cash or for that matter real value.If i hear embry getting wildly bullish,ill know we are heading down.Im just surprised many cant see the damage that has been done to the gold sector.I talk to many older folk who say "i wouldnt trust gold."Gold is a mistrusted sector,whether it be bre x ,failed mergers,dilution or the fact gold only rises in us dollars.I remember way back Jim said hold onto your shares and only the true believers will be on board when she takes off,but i cant for the life of me see where any normal person will get the money to invest in such a wild gamble as gold stocks.Quite a while ago Jim said a new crowd was moving into gold shares,since then they have been racing each other to zero.We have had sars,bird flu,west nile,earthquakes,enron,worldcom,iraq,soaring oil/inflation,terrorism,anthrax and on and on.But gold stocks simply have not done their job.Any good news and we crash any bad news and we rally and crash.Just curious but what do you guys think will be the trigger?An asteroid?Because anything less than that and 2005 will be just another year of one day over the rainbow.You have to give the cartel credit,by the time gold ever moves,everyone will be broke and in debt and i doubt they will be buying gold.Mistrusted and way too volatile,people simply wont be in a position to take the extreme risk gold represents.When the dow,real estate,bonds crash people will be forced to get money from wherever they can.Since nov 2003 the gold stocks have been heading down,soon many will lose their appetite for the losses and tnx and many juniors will be a bargain again in the pennies.Call me a fool but ive been bearish and right.Jim calls us depressed,soon we will have lots of company.