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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Real Man who wrote (88184)	7/23/2002 2:10:25 AM
From: bill	Read Replies (1) of 116796

Just checked the Forex and the price of gold. Neither make any sense given the situation re the US market. The dollar is up against the yen and against everything else in a big way. The Euro is back below parity. Gold is down over two dollars. The US market is crashing. The US dollar should have continued its fall against the euro (and everything else). It's got to be receiving support, once again, from large buying by Japan, and the EUC and the selling of both the Euro and the yen. To see the US dollar sprint ahead under the present conditions defies logic. At what point does it become impossible for the three entities to continue to prop up the US dollar? Or, am I missing some part of this equation?

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