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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.42

+2.2%

Jan 27 4:00 PM EST

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To: russwinter who wrote (75173)	8/17/2001 1:08:08 PM
From: tyc:>	Read Replies (1) of 116927

>>I see Aussie strength as very bullish for POG, more so than about any other currency(short BOTH Aussie and gold, double whammy) Russ, I continue to dispute this !! Imagine an Aussie producer that has forward sold its entire production for Aussie Dollars. That means it is not producing gold anymore, it is producing Aussie Dollars ! The more valuable the Aussie Dollar, the more valuable its production. How can you say that it is short Aussie dollars ?

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