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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: Broken_Clock who wrote (18947)	9/15/1998 4:57:00 PM
From: Zardoz	Read Replies (2) of 116764

"rate cut=lower US$ "no rate cut=lower DOW=lower $" The world is a large place, with many large economies in ALL different directions. Some growing, and other collasping. A rate cut does not mean that you WILL get a higher GOLD price, nor does it mean that you WILL get a lower US dollar. Most speculations has already been built into a rate cut. But consider this: "Growth is far more important than interest rates". Otherwise BONDS would always be the better investment. With this in mind, it is possible that a further appreciation of the US dollar is more than likely. As an example, consider the YEN, was only just a few days ago 129, now 134. Beware the Pound: pacific.commerce.ubc.ca

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