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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Broken_Clock who wrote (5504)	1/10/1998 2:37:00 PM
From: Crimson Ghost	Read Replies (1) of 116758

DLUCAS: Now that bullion has made new lows, do not be surprised if the XAU breaks 60 before long. If bullion goes to $250 XAU probably will break 50. I am not predicting this, but I would't rule it out either. A sutained rally in gold is out of the question until the surging dollar is effectively curbed. This could happen anytime since even the dumbest G7 minister must realize that further dollar strength could lead to a global depression.

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