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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.00

+2.0%

Dec 22 4:00 PM EST

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To: Richnorth who wrote (3071)	11/12/1997 9:25:00 AM
From: philv	Read Replies (1) of 116822

Lately, POG has not responded positively during turmoil in stockmarkets, be they in Asia, Europe, or North America. What is left? The declines experienced in the East are dramatic and deflationary. North America, led by the NYSE has shrugged all this off and keeps on expanding (for now). The great American Bull can't be stopped so it seems; and the Yankee dollar remains strong and paper debt is "Quality". The dollar feeds the market, and the market supports the dollar. In my opinion, gold will react only when a real sell-off in the markets occurs, affecting the US $. The dollar is the last haven, and only when that is in doubt will some attention be drawn to gold.

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