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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: long-gone who wrote (20308)	10/1/1998 6:40:00 PM
From: goldsnow	Read Replies (1) of 116753

I would suggest that dollar would go down faster than any commodity...certainly even faster when re-inflating efforts would start in earnest in Japan, China and around the Globe.. "In Germany, central bankers have made it clear in recent weeks they don't plan to cut rates any time soon. They left the securities repurchase rate unchanged today at 3.30 percent. ''We're pricing in a pretty sharp narrowing of the short- term interest rate differential between the U.S. and Germany,'' said Paul O'Brien, who helps manage $5 billion of global bonds at Miller, Anderson & Sherrerd. ''That's clearly been undermining the dollar against Europe.'' O'Brien said the dollar could fall to 1.60 marks by year-end." bloomberg.com

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