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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Professor Dotcomm who wrote (79471)	11/20/2001 11:43:28 AM
From: ahhaha	Read Replies (3) of 116753

There are two forces which will keep gold stocks on trend higher. One is a weaker dollar even while there's recovery in US final demand and two is rising oil prices also driven by recovery. What's driving recovery? The greatest money creation in history which has the hardest hard money types at St Louis and Cleveland Feds dumbfounded. Meanwhile, the NY Fed hopes the pumping will work because so far, it hasn't. Now there's a gold driver, negative real rates and final price stimulus. Why, it takes one back all the way to the '70s without the structural inflation whose attendant and inevitable high interest rates muted gold's rise.

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