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

To: Broken_Clock who wrote (14985)	7/28/1998 4:03:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116756

I believe you are correct that is the first time in many a moon gold has shown strength during a severe stock market drop. But perhaps even more significant, bond yields rose as stocks fell today. Those arguing for a modest 10% stock market correction have based much of their hope on the expectation that bond yields would decline rapidly as stocks tanked. But if bond yields actually increase as stocks hit the skids -- that scenario goes out the window in a hurry and a 20% or 30% correction becomes almost inevitable.