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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: sea_urchin who wrote (33037)	5/2/1999 7:24:00 PM
From: Zardoz	Read Replies (2) of 116759

Remeber way back when I mentioned SDR's to you. I also suggested that you look at each component of the SDR indiviudally. Now would that upturn be significant based on Euros' deflationary trend? Or is it a bump like Oct 97, or March 98? Truely if you are in Euroland you are in the mist of a GOLD rally. So wouldn't it pay to rotate foreign capital into XAU issues, and wait. How about physically buying GOLD at 250 Euros/Ounce and waiting now 270 Euros/ounce. What happens when GOLD priced in Euro's hit's a max, and they start selling? Beware the trend that kills a XAU rally when the price doesn't change for the commodity! There is no real reasons why gold in US Dollar terms should rise. Inflation is still rampant, and GOLD does best in deflation.

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