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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%Nov 12 4:00 PM EST
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To: ahhaha who wrote (43688)10/25/1999 7:39:00 PM
From: goldsnow  Read Replies (2) of 116758
 
`Public enemy No. 1 is the bond market and that is why there hasn't been any upside in the stock
market,' said Hugh Johnson, chief investment officer at First Albany Corp. in Albany, N.Y.

Driving the bond market lower were remarks from the European Central Bank's chief economist,
Otmar Issing, that economic conditions are improving in Europe and there is an increased risk of
inflation there.

``There are a number of factors that will affect long-term interest rates in the United States, and one
of those is long-term foreign interest rates,' Johnson said. ``If they rise, the odds are pretty good that
the rates will rise in the U.S. The markets are interconnected.'

biz.yahoo.com
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