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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: Bobby Yellin who wrote (4593)	12/21/1997 7:05:00 PM
From: PaulM	Read Replies (1) of 116810

Bob Y - checkout this link. Second Headline:"Gold's Fall May Mean Rate Cut." bloomberg.com I think its intersting that a central bank--being one of the class that drives the price of gold--are using that price as justification for a rate cut. Wouldn't want to use larger macro fundamnetals as a reason: like "deflation" "recession" or "depression." Note that this talk of a rate cut comes at a time when rates are already the lowest in 4 years. What does this tell us?

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