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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

4:00 PM EST

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To: John Hunt who wrote (27211)	1/28/1999 10:07:00 PM
From: Hawkmoon	Read Replies (1) of 116762

Here's an interesting scenario... Maybe the Fed will be willing to let gold run again for $5-10 bucks.. This allows certain shorts to unwind some of their positions, then go long gold a few bucks, then short again. Gold going up would take some of the pressure off the dollar. This could go on and on for months. Just a hypothetical scenario since none of us really know exactly how the Fed is planning on sorting this crap out. I don't think the Fed wants to see gold collapse nor soar for as long as they can control it. Gold collapsing exacerbates our trade deficit as the dollar gets stronger vs other currencies. They shouldn't want that. But neither should they want gold to get away from them either. Ain't this fun trying to game play this? Regards, Ron

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