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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (15301)	8/1/2003 8:44:47 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 39344

<<all of those currencies might be falling relative to gold along with the dollar, but at different rates and times>> So you are saying it is possible we could enter one of those times when the dollar and gold move in the same direction? Wayne

To: gold$10k who wrote (15301)	8/1/2003 12:11:23 PM
From: BSGrinder	Respond to of 39344

I think you are right about gold not necessarily correlating with the dollar decline, since the dollar is only being measured against other paper that is inflating at a somewhat slower rate. I have noticed how the gold stocks have remained strong through some of the dollar strength this week, so they may be indicating the coming end of the direct correlation. I would not be surprised to see gold move higher along with interest rates, at least for a while, since the bond collapse is certainly bad for a wide variety of financial instruments that gold correlates inversely to. /Kit