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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: Enigma who wrote (51409)4/13/2000 5:08:00 PM
From: Rarebird  Read Replies (4) of 116756
 
The fundamentals for Gold are Extremely Bearish:

1) The Dollar continues to rise.
2) The Australian Dollar and Euro are weak and have broken down.
3) Comex gold warehouse stocks have surged over the past month.
4) The Growth rate > Inflation Rate.

Tell me one thing that is fundamentally bullish about gold right now in this economic environment.

PS Oh I forgot, the commercials are now long comex gold futures!
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