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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Giraffe who wrote (27731)	2/4/1999 12:00:00 PM
From: Zardoz	Read Replies (2) of 116753

Gold at $287.80/Oz equals 207.03SDR/Oz today. It's still in a downtrend relative to the SDR's, but the most recent Euro's demise is actually adding support to the POG versus the SDR. What REALLY concerns me is the BONDS.... they are really looking VERY bad. quote.yahoo.com^TYX&d=1d Consider Britian lowered rates, this should've cause a purchase in US bonds today. An inital cash inflow was there: charts.quotewatch.com The bond money is not flowing into the Dow, and out of the Bonds. So where is it going? Into the Fed? Unless it's all flowing into Canada. Not going into the YEN yet. Maybe into GOLD, XAU looks good, but not the quote.stockwatch.com

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