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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: goldsheet who wrote (47689)	1/30/2000 4:17:00 PM
From: Rarebird	Read Replies (2) of 116762

Nice chart. It shows the USD to XAU very clearly. We have an inverted yield curve in the Bond Market today, which sometimes indicates a recession is coming. The Bond Market seems to think that the nifty 50 stocks are about to embark on a severe decline. If so, that could severely impact the US Economy, and eventually impact the dollar on the down side. I would wait for a decline in the USD below some crucial technical support levels before I would rush to buy gold mining stocks. The USD may be in a blow off stage here.

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