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

To: ItsAllCyclical who wrote (69496)5/18/2001 6:23:33 PM
From: Cape Blanco  Respond to of 116764
 
Thats what I always thought. Gold is priced in dollars and oil is priced in dollars. As the dollar sinks you'll see it reflected in the price of these, and other, commodities.



To: ItsAllCyclical who wrote (69496)5/18/2001 7:38:22 PM
From: Crimson Ghost  Read Replies (4) | Respond to of 116764
 
This move in POG so far reflects not dollar weakness but lower interest rates and higher lease rates which makes it much less attractive to sell gold forward. When the dollar breaks, phase 2 of the gold bull will begin.


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