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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: Crimson Ghost who wrote (67811)4/19/2001 12:34:21 AM
From: Rarebird  Read Replies (1) of 116980
 
The Fed Funds Rate is now 1/4 point less than the EU Funds Rate. This Dollar is Toast. Greenspan must have gotten the early word about how bad first quarter GDP will come in next week.

It is actually more bearish for equities if the NAZ Rally extends to 2800-3000 and the Dow hits a marginal new high.

PS I was aggressively adding to my gold positions this morning.

I'm expecting a strong gold rally soon as the prime beneficiary of this aggressive easing moving forward is gold mining stocks.

This is a tremendous profit opportunity in gold stocks.
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