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

To: Rarebird who wrote (53065)	5/21/2000 9:39:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116764

"Something has to give way here" The dollar's support, and ultimately it's downfall, is more a political than a market driven issue. Right now, there seems to be a split between the world's central bankers and its politicians in that regard. I don't think there's much mystery in the dollar's strength: global interest rate spreads go a long way to explain both the strong dollar and weak gold. So the BOJ and and ECB are worth watching. Case in point: on friday the BOJ hinted it wanted to end the 0% rate policy and, in a statement over the weekend probably directed at the BOJ, Miyazawa said he's worried the Japanese economy is about to stop.

To: Rarebird who wrote (53065)	5/21/2000 10:01:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116764

"Given the rise in the Dollar, Gold is not cheap at the moment" I'm not sure what you mean - surely it's very cheap on that account?

To: Rarebird who wrote (53065)	5/21/2000 10:59:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116764

Gold's problems go way beyond the dollar. Do not forget CB manipulation. The dollar index hit the 150 area back in 1985 and gold bottomed that year at $285. Today gold is $274 with the dollar index at 112. So gold is cheaper today than in 1985 although the dollar index is a lot lower now.