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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.81+0.9%Nov 19 4:00 PM EST

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To: Zardoz who wrote (31936)4/17/1999 11:00:00 AM
From: Jim McMannis  Read Replies (1) of 116762
 
RE:"Gold is not affected by interest rates. But is affected by Monetary
supplies, US Dollar, and foreign exchanges. Beware the cyclical bubble.
This is expiration week"....

If that were true gold would have been through the roof years ago,
the FED has been priming the pump for years. Seems to me that gold can be very interest rate sensitive. Especially to rate direction and velocity. Apparently there are other factors holding it down, masking the effect of low rates.

Jim
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