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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: baystock who wrote (73221)	7/10/2001 10:32:00 PM
From: pater tenebrarum	Read Replies (2) of 116756

they WILL be...that's the point. for the past several months, all of this black market and mattress money has been converted to DOLLARS. that has had a considerable effect w.r.t. Euro weakness. once demand for the Euro from this corner revives, which is certain to happen with the introduction of Euro cash, this artificial prop for the dollar will disappear. and THAT is what is bullish for gold, since it has historically a strong inverse correlation to the dollar.

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