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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.00+6.2%Jan 20 4:00 PM EST
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To: goldsheet who wrote (61991)12/14/2000 1:00:11 PM
From: Crimson Ghost  Read Replies (1) of 116896
 
Bob:

The dollar index is plunging today (down about 1%). But gold not only has hardly responded, it is now down 30 cents. And this after dropping nearly 6 bucks the last few days.

If a plunging dollar cannot move gold significantly, hard to see what will. I hate to admit it but GATA may right after all even if their so-called equilibrium price of $$600 is way too high.

Now I am not saying gold and gold shares should be dumped. But I am saying that the upside potential looks quite limited as long as the "boys" maintain control.
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