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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: IngotWeTrust who wrote (97440)	4/14/2004 1:24:54 PM
From: goldsheet	Read Replies (1) of 116913

This scenario is what I was talking about yesterday (and actually late last year), although I was suprised to see it happen two days in a row: "NEW YORK, April 14 (Reuters) - A surprising jump in U.S. inflation sent bonds down and the dollar up on Wednesday, but U.S. stocks traded near break-even as investors weighed the chance of an early interest-rate hike against the likelihood of strong corporate earnings. It was the second straight day that U.S. data took the markets by surprise. On Tuesday, an unexpected jump in retail sales hit equities and government debt and drove the greenback up." Any similar news to indicates continued strength in the US economy should be enough to keep the US dollar up and hinder/delay any rise in gold prices. Gold is now back to $400 (went $396.70 intraday), and silver to $7 ($6.82 intraday)

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