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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Misha Orel who wrote (47300)1/19/2000 10:01:00 PM
From: Rarebird  Respond to of 116762
 
It's not strange. The dollar is strong and so is growth. The mining stocks cannot compete just yet. As for the most recent rise in the POG, investors and traders are clearly betting that it won't hold. That is what the XAU is clearly telegraphing; and the XAU is rarely wrong.
I think we will continue to get a bit of a rally in the POG before the next BOE auction. The XAU knows all about it and is not bitting.