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

To: Rarebird who wrote (57231)	8/12/2000 12:48:26 PM
From: Rarebird	Respond to of 116916

What the BOJ did on Friday for Gold is similar to the US Federal Reserve lowering rates for the first time in the midst of a severe Equity Bear Market. I suspect Gold will rally a little while longer before it starts falling again. New Lows for the XAU and POG are still possible. Gold desperately needs more rate hikes by the BOJ. I think that second rate hike by the BOJ is the time to go long Gold. The US Fed is finished raising rates IMHO.

To: Rarebird who wrote (57231)	8/12/2000 10:21:14 PM
From: long-gone	Read Replies (1) \| Respond to of 116916

<<The major problem for Gold is how on earth is the Euro going to compete with the US$$$ ? >> 1) By Getting rid of the Pound. See my post about pressure from Japan - Toyota. 2) By having all those people start using the Euro currency in day to day transactions. 3) Free market non-socialist political changes in the using countries 4) A distrust for the American administration by Europe # 3 or number 4 will happen no matter what but not both. If US swings conserative & Europe does also, we are stuck in the same state of affairs in regard to gold