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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: Crimson Ghost who wrote (49643)2/26/2000 3:19:00 PM
From: Rarebird  Read Replies (3) of 116790
 
<A solid gold bull requires a big rise in INVESTMENT demand. That probably will develop once US financial assets enter a sustained bear market widely recognized as such. Seems very close now.>

That sounds better than the "new era", it's different this time gold bull that would be led by a rising POG you were touting a few weeks ago.

Investment Demand for Gold requires a decline in the dollar. A sustained bear market in equities does not necessarily entail a decline in the dollar. Gold only rises 40% of the time in a Bear Market? Are you thinking Recession here? If not, what makes you correlate a bear market in equities with a bear market in the dollar? Can't the dollar still remain the currency of choice in a World Wide Equity Bear Market?
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