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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: Moez who wrote (10466)	10/5/1999 10:53:00 AM
From: Buckey	Read Replies (1) \| Respond to of 36688

Gold might be staging a rally - 326.50 after an hour at 324 EDIT 325 - Lilely a momentary glitch

To: Moez who wrote (10466)	10/5/1999 11:37:00 AM
From: Shaw	Read Replies (1) \| Respond to of 36688

Kinda hard to tell, IMO. I think it will be neutral. In normal times when gold is neutral a rise by the fed has a slightly net negative effect (ie the positive effect of a confirmation of inflation is outweighed by the "better places to put your $$$$" and the rise in the American dollar negative effect). With the market currently so volatile and not acting on fundamentals, just on short covering, lease rate effects etc. I think we will see no large swing that could be attributed to the proposed fed action. I hope there is an effect because of the trading opportunity it presents, but I dont think so. Regards, Dean