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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: John Paquet who wrote (41710)	10/1/1999 12:45:00 AM
From: John Paquet	Read Replies (1) of 116770

As I mentioned before, there are many fundamentals to make this investment environment favorable for gold to move up despite that CB's announcement limited gold sales and leasing stuff. First Dow is on the eve of crashing to 9000, or 8,700, U.S. Dollar index breakout on the down side. Oil hit 32 month high. inflationary, as energy cost rises. Int rates has raised from 4.76% to recent 6.15% long term interest rates. FEd hiked fed fund rates once and expect to raise again by October 5,1999. Gold big rally, so does XAU, so does Silver. Silver even has more beautiful breakout on the upside with object of measurement at $7.50. Gold $417.50 by the end of October, that is my measurement of target. Go figure folks. John Paquet

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