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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: lorne who wrote (49040)	2/14/2000 9:42:00 PM
From: IngotWeTrust	Read Replies (2) of 116756

Yes, of course, that would be a very logical position for a particular nationality to take. A strong "local" currency buys more "foreign" goods than a weak "local currency." Since darn near everything would have to be imported into that Island Continent, it stands to reason that the stronger the Aussie, the happier they would be. If slamming the gold market every time it sticks its head up is a way to accomplish their nationalistic aka practical goal, then unloading via shorting and leasing schemes would fit their agenda very nicely. Recall how upset goldbugs got several months back when they off-loaded ALL 160 Tons of their national stockpile of gold in one fell swoop before some other nation announced they were going to dump theirs? The Aussies are very astute business people, except when it comes to shooting themselves in the foot like all their compatriot producers who did the deriv. gold stomp line-dance. O/49r

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