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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Rarebird who wrote (47687)	1/30/2000 3:06:00 PM
From: goldsheet	Read Replies (3) of 116760

> the difference between Sept 99 and today is like day and > night. The dollar index is trading at multi year highs > today. Why shouldn't Gold and the XAU trade at multi year > lows? In September 99, the dollar index was falling. Exactly: The drop in the USD Index from 104-to-98 went right with the rise in gold and gold stocks (XAU 60-to-88) With the dollar pushing over 104, gold is where one would expect it to be. I chart USD-to-XAU: goldsheet.simplenet.com > Gold is a currency. Absolutely correct, IMHO.

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