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Gold/Mining/Energy : Gold Price Monitor

GDXJ 141.17

+3.6%

Feb 11 4:00 PM EST

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To: dean poets who wrote (67808)	4/18/2001 12:04:36 PM
From: Crimson Ghost	Read Replies (3) of 116980

You are wrong about rates and gold. This morning's cut did help gold and gold stocks though they were not the main beneficiaries. Lower short rates cut the profitability of the gold carry trade in the same way as higher lease rates -- by reducing the forward rate. Lower short rates also are a negative for the dollar.

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