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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.88+0.9%Nov 18 4:00 PM EST
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To: terry kennedy who wrote (33309)5/7/1999 8:57:00 AM
From: Rarebird  Read Replies (1) of 116762
 
< If we are in a Gold Bull the metal will shrug off this UK announcement within a couple of days >

Good point.If we are in a Gold Bull, the Metal should should cut its losses in half by the end of the day.
The CB's have pursued a policy of such easy money that they will not be able to prevent the Great Inflation that will follow. Wage Pressures are the last factor that hits the pipeline. Pricing Pressures are already forming.
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