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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Rarebird who wrote (53065)	5/21/2000 9:39:00 PM
From: PaulM	Read Replies (1) of 116764

"Something has to give way here" The dollar's support, and ultimately it's downfall, is more a political than a market driven issue. Right now, there seems to be a split between the world's central bankers and its politicians in that regard. I don't think there's much mystery in the dollar's strength: global interest rate spreads go a long way to explain both the strong dollar and weak gold. So the BOJ and and ECB are worth watching. Case in point: on friday the BOJ hinted it wanted to end the 0% rate policy and, in a statement over the weekend probably directed at the BOJ, Miyazawa said he's worried the Japanese economy is about to stop.

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