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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

Nov 11 4:00 PM EST

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To: Baba 2 who wrote (38002)	7/29/1999 4:58:00 PM
From: Hawkmoon	Read Replies (3) of 116753

Baba 2, Well we can't always be up, now can we?? Just like the goldbugs may get a chance to take some money from someone else, instead of having it taken from them... :0) However, take a look at the US dollar index and you can see it turned up rather nicely @ 99.7 cents which is the bottom of the price channel. If the dollar goes down from here, you very well see gold do pretty well. But if the dollar goes up, gold will go down. The dollar is down 5-6% off of its highs. Is gold up 5-6% in relation to the dollar?? Nope... It was only up 1.4% today kitco.com So relative to the dollars recent decline of 5-6%, dollar denominated gold has declined 4%.... Game, set, and match.......<VBG> charts.quotewatch.com decisionpoint.com Regards, Ron

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