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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.60

+2.2%

Dec 26 4:00 PM EST

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To: Rarebird who wrote (74326)	8/1/2001 4:48:36 PM
From: rolatzi	Read Replies (3) of 116834

I will add my own uneducated opinion on the price of gold and gold shares. IMHO, gold will trade in a listless manner for the rest of the year. The dollar is not yet ready to correct down, the euro is not yet ready to move up. There will be spikes upward in the price of gold as crises develop and back down into the 260 range as they recede. Starting next year, however, when the transition to the Euro is complete, the dollar will begin to seriously decline against the Euro and gold will in the least hold its own with respect to the Euro. It may even begin to break out to reflect the uncertainty of the world economic situation and the declining revenues from the sale of oil in US dollars. rolatzi

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