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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Abner Hosmer who wrote (72013)	6/20/2001 11:47:47 AM
From: Professor Dotcomm	Read Replies (5) of 116770

You touch on a good point, Abner. Why should the greenback go down? But if it doesn't, why should gold move up at all? From a trade perspective, it is overvalued, from a tax perspective or from a haven standpoint perhaps it is not. Even though Europe is taxed to death, Boeing is having trouble keeping up with Airbus and too many US companies are taking the easy route out by manufacturing abroad. All this doesn't help the POG - and it could lead to a messy deflation period in the US. Right now, I would prefer that the greenback backs off some 10-15% against most of the currencies that US trades with such as the EU, China, Japan and Canada.

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