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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: goldsheet who wrote (87936)7/19/2002 12:38:46 PM
From: Real Man  Read Replies (2) of 116788
 
What we are having here is a currency (dollar) crisis. Thus mining stocks based in North America should do well, while South African gold stocks may not do as well. The situation was opposite when the Rand dropped 60% last fall. South African stocks increased 5-fold or 10-fold, while hui and XAU which were mostly composed of North American stocks kept dropping at least until November -January.
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