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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: goldsnow who wrote (17005)	8/30/1998 9:03:00 PM
From: PaulM	Read Replies (2) of 116796

Hi Goldnsnow. The dollar is getting hit hard tonight. Yet, gold so far just remains stable. Perhaps this is how the final gold washout will play out over the next few months (with POG more or less stable, but tanking against other major currencies) ECU trading at .88 to the dollar! Eventually, a bear market for the dollar must cause a powerful gold rally, if for no other reason than short's incentive to cover as well as the inflationary implications. Yep we're headed for Anti-Goldilocks (lower dollar index means asset deflation, price inflation).

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