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

To: IngotWeTrust who wrote (6835)	1/27/1998 1:05:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116915

As you may of guessed, I have the believe that currencies play the largest role in the price of gold, and that supply/demand is a secondary function. Supply and demand will always find an equalibrium, but currencies fluctuation act quicker, and more volatile. I look at the recent run in GOLD, and have told others {mainly on the Barrick thread} that gold was due to take a run, upto as high as $312.00. I personally don't see the rise in the POG related to Clinton. Although the daily fluctuation in currency could be related to him. Since 980112 gold has been on a price increase, relative to currecny, and since that time the Yen/USD rate has been on a decrase. Since both these trend occurred at the same time they expound each other. With this in mind, I see the POG to decline over the remaining year, and not to appreciate. UNLESS the FED lower there rate. So here the question: {this wasn't a monologue} Since the most recent consumer confidence is now at 127.3, and there appears to be wage tightning, what are the chances that the US fed will ease? And if they stay the line, than won't this cause gold to breakdown? And if they tighten than won't that cause gold to go down? PS: I hope your son get's well soon. Canada appreciates his service.