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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Dwight Taylor who wrote (5827)	1/14/1998 4:50:00 PM
From: Crimson Ghost	Read Replies (1) of 116764

The price correlation between gold and the Asian markets is far from perfect, but it is real. When the Asian markets and currencies tank, the dollar strenghtens and the demand for gold in that region of the world declines. And visa versa. I don't think it is a coincidence that gold and the Asian markets were both massacred last fall. Nor was it a coincidence that gold and the Asian markets both did very well during 1993.

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