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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.17

-7.0%

Feb 5 4:00 PM EST

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To: TheBusDriver who wrote (51807)	4/21/2000 10:27:00 AM
From: Rarebird	Read Replies (3) of 116972

<There must be someway outta this hole gold is in.> There is. The economy must slow and the dollar must decline. To be sure, the Market has anticipated 9 out of the last 5 recessions. But Gold can use a real recession or sluggish growth with a little bit of inflation. The XAU would just love having Greenspam lower rates. I still say we are in the early stages of a Bear Market in Equities. Gold stocks only buck the trend 45% of the time. Depends on the value of the dollar. The rest of the world seems to be in worse shape. That is why the dollar is rising. As a currency, Gold is a prisoner to the strength of the dollar.

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