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

To: long-gone who wrote (67432)4/9/2001 10:57:09 PM
From: Square_Dealings  Read Replies (2) | Respond to of 116790
 
Maybe its used as a currency hedge? Buy/sell overnight based on whatever currency and the close out the next day in USDs. Not sure.

At this point I think gold trading is mostly a currency play rather based on its close relation to the dollar. I purchased a chunk of physical today since its playing out the way I expected so far. Not a surprise that they tried to bounce the stock market today and the dollar, but good luck going forward.

M.


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