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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Abner Hosmer who started this subject	1/3/2001 2:07:51 PM
From: teevee	Read Replies (1) of 116761

Gold price collapse unavoidable With gold priced in US dollars, the price of gold in other currencies has been strong as these currencies have weakened against the USD. Gold was prudently bought as a hedge against inflation which accompanied any weakening currency against the US dollar. With the US dollar heading into a period of weakness, The price of gold will fall in terms of other currencies as they strengthen against the dollar. Foreign buying will now turn into a flood of global selling and disinvestment which should drive gold down to new lows. A price collapse is even a possibility. Perhaps then, the last of the gold bugs will finally be crushed.

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