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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: pater tenebrarum who wrote (55730)	7/5/2000 1:44:57 PM
From: Rarebird	Read Replies (2) of 116791

<The market seems to paint them all with the same brush as well.> The consensus seems to be: Why bother to invest in gold stocks to begin with if no rally is sustainable? I don't agree with that point of view; but that appears to be the prevailing sentiment. Have you noticed that the Dollar Index is fractionally higher? Perhaps it will serve as a safe haven for a declining global equity market? The Fed will most likely lower rates over the next 6-9 months, if not sooner, in response to a dramatically slowing economy. That may help the XAU, or at least, it has in the past.

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