Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.28

+3.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Casaubon who wrote (47620)	1/28/2000 12:30:00 AM
From: Rarebird	Read Replies (1) of 116790

Very good technical analysis but: Have you looked at the US Dollar index? We are above 103 and climbing as we speak. The Australian and Canadian Dollar haven't exactly been on fire lately either. Short term rates are moving much higher. This isn't exactly the type of fundamentals that moves the gold mining stocks higher. With Growth much stronger than Inflation, I can't think of a worse set of fundamental conditions for the XAU. Confidence in the financial system, whether justifiable or not, is still very strong. The XAU took its head out of the guillotine today. I don't think it liked what it saw.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next