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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: John Soileau who wrote (35975)	6/27/1999 10:03:00 AM
From: goldsnow	Read Replies (1) of 116753

"Normal" or rather "Abnormal" Market is about to come to the end...So the rules of the game are changing..Everything is going to get more expensive, including Gold leases...New paradigm anyone? And while strong demand from the United States helped exporters in Europe and Asia to cope with the downturn in their own economies, a rate hike now would put a dampener on that. The impact should be partly off-set by a stronger dollar, which makes it cheaper for US consumers to buy foreign goods. But this cuts both ways. Most commodities - oil, steel, copper and other raw materials - are priced in US dollars, and will get more expensive as the dollar appreciates. news.bbc.co.uk

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