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To: Roebear who wrote (77790)	11/3/2000 7:27:29 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 95453

Roebear: Euro obviously rallying because of CB intervention and trader short covering. I have argued that a dollar drop via this mechanism would not do much for gold. Only a sustained dollar bear induced by foreign capital exiting the US has a chance of breaking the strangehold of the "anti-gold" cartel. So far this Euro rally has done very little for gold and nothing for gold stocks. JGOL down a bit this morning despite a $2 rise in bullion.