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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: Square_Dealings who wrote (74525)	8/6/2001 12:28:00 PM
From: t2	Read Replies (3) of 116853

How does increasing unemployment; weak economy affect gold prices? Even if there is no inflation, one would think that Gold price drops. However, it may be a little different this time. Gold seems to have been held back by a strong dollar. If the dollar weakens against the EURO, would that not push up the price of Gold? Gold stocks look to be a good hedge at this point especially since real estate prices have not dropped. If the economy does not pick up, it would be a pretty reasonable bet that real estate crumbles. Is my logical flawed?

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