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

To: lorne who wrote (72079)	6/21/2001 9:06:35 AM
From: long-gone	Read Replies (1) \| Respond to of 116796

sharelynx.net

To: lorne who wrote (72079)	6/21/2001 9:59:21 AM
From: russwinter	Respond to of 116796

Gleaned this comment (poster: "the bubble") from Gold Forum. Also Leonard Kaplan on USD and gold. I adamantly agree with both: "yu know that were getting close to the point of recognition for the usd. If greenie cuts 50 basis points next wednesday its over for the dollar. The euro rates wil have 1% premium over u.s. Plus, the ecb by not cutting will induce slower growth into the region, not good for u.s corporate earnings. The decision by ecb to keep rates steady is very bearish for u.s stock market and the dollar. Maybe not today but within the weeks ahead. I am putting my super sell signal on the us dollar. I see very little upside above 120.58" later, the bubble Kaplan: If I had to pick any one external stimulus that could do it, it would be the USD and it remains imperative to keep a watchful eye on that market. A declining USD, especially against the Euro, Aussy Dollar, Indian Rupee, and the South African Rand, could elicit greater demand and curtail forward selling and supply. A further drop in US interest rates would also be bullish for the gold market, although not markedly, as contangos would drop further giving producers a greater disincentive to sell forward. Bullishly for gold, both of the above scenarios look much better than even odds at present.