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To: Bilow who wrote (79615)	10/5/1999 5:03:00 PM
From: GST	Respond to of 164684

Bilow <If gold hits $400, the gold stocks are going to go absolutely bonkers> I was impressed by two things today (1) Larry Kudlow expressed some concern about the price of gold and concern that the lack of fed action is not good -- better to raise rates than fool around with the bias. (2) Gold tanked in New York at the market open, again, after an incredible run-up in London. I think the dollar is central to the economic environment going forward. Today's inaction by the fed increases the risks.