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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 (33056)	5/3/1999 9:38:00 AM
From: Zardoz	Read Replies (1) of 116759

>>"What happens when GOLD priced in Euro's hit's a max, and they start selling?" >Indeed. When that happens the currencies rise in value against the dollar and the mini-bear market in currencies is replaced by a mini-bull in dollar denominated gold. Not necessary does a change in buying/selling habits result in a change in anothers' buying/selling habit. It is possible that should those in Euroland finish buying, and start selling that those in USA or Japan may not be net buyers. AKA the demand side devolves. I look at the SDR/POG relationship, but also the US Dollar index relationship, and the G10 relationship. The reason I look at the other two is that they offer different weightings then the SDRs do. As such they can change the preception more. 90%+ of the time they move in concert. But yes, it does appear to be turning positive. But will it continue?

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