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

To: lorne who wrote (12304)	5/28/1998 1:53:00 PM
From: menanna	Respond to of 116836

We are entering the last 1/2 hr of today trading session: gold down .25 silver down .07 from yesterday close. We are hammered again.

To: lorne who wrote (12304)	5/28/1998 2:44:00 PM
From: teevee	Read Replies (2) \| Respond to of 116836

Hi, An important part of the affordibilty of gold in the supply-demand equation, is the relative cost of gold versus the exchange rate against the US Dollar(gold is priced in US dollars). As long as the US dollar is strong, the price of gold will have to stay low (in US dollars) to maintain consumption and demand. On the other hand, if you would like to see the price of gold go back to $400.00/oz, just have the exchange rate of the US dollar fall by about 1/3 against other currencies. Economically, I prefer a strong dollar and a low price of gold.