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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: Rarebird who wrote (51811)	4/21/2000 12:18:00 PM
From: IngotWeTrust	Read Replies (1) of 116972

My dear rarebird, I would agree that gold is a prisoner allright, but NOT JUST to a strong dollar, because it was a prisoner during periods of a "weak dollar" as well... Are you REEEEEALLY trying to tell this thread that gold has had only a STRONG dollar to contend with during the last 19 years, when 1) that hasn't always been the policy of the G-7 administrations in charge of the majority of the industrial world economies, (including our own politico in power du jour, and 2) the current mobilization of CB gold is for the purpose of increasing national foreign reserves and thereby allowing currency derivs and profiteering in other forms, and not just say UK CB's putting their gold leasings to work in the US $ market, but also in pound/yen and pound/DM crosses for example? I look forward to your particular twist on this particular corner conundrum you've painted yourself into... Regards

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