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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: marcos who wrote (19674)	9/24/1998 10:01:00 PM
From: Broken_Clock	Read Replies (1) of 116894

Actually, I am not sure what the US$ index is based on, although i believe it to be a basket of weighted currencies(mark, sterling, yen, etc.). The key of course is that when the index drops then gold rises. There are quite a few good charts at decision point related to xau, dollar, etc.http://decisionpoint.com/ChartsWeekly/00gold.htmlThis one shows the nearly 3 year downtrend in the xau will be broken with the next weekly close above 85.

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