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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Zardoz who wrote (33927)	5/14/1999 6:52:00 PM
From: The Barracuda™	Read Replies (2) of 116814

I agree. The significance of the Canadian dollar is that it seems to lead gold by one to three days. On the very short term, the C$ seems to act like an oscillator. I think that since gold has been in a bear market, any decrease in the rate of decent of gold will cause a rally in the C$; Which is why we have seen C$.63 to C$.70 recently. Assuming Other non resource aspects of the Canadian economy are stable. Robert

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