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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: Ironyman who wrote (13899)	10/7/1998 8:49:00 AM
From: Jon Matz	Respond to of 34075

Check out the following U.S. Dollar chart, updated daily. It appears that since Sept. 1st the dollar has dropped over 6% against international currencies. The POG has risen, but the real winner has been the minimum 8% increase in major gold producers for every 1% drop in the U.S. dollar. digisys.net Note: The correlation has a 36 - 48 hour lag, but has been impressive through Oct. 2nd. The dollar is down hard again today with the POG up. I was getting concerned whether this indicator had failed this week, but maybe not. Any comments, Jon

To: Ironyman who wrote (13899)	10/7/1998 9:02:00 AM
From: the Chief	Respond to of 34075

Hi eric. I don't follow SUNR at all and am not interested in looking into it...I have too many stocks I do DD on, on my plate as is! I'm wondering if the rise in POG is because of XMAS jewelry production or if this is the beginning of a run? Actually the recent run up in POG is directly related to the instability of present currencies. Yesterday, I placed my bets that the G7 had approved the loan to the IMF! So I purchased some gold stocks that had sold off. The drop in POG (over the last 2 days) was due to the pending rumour that the IMF would have to sell bullion to raise the money. The approval by the G7 now will alleviate the need to sell bullion. Gold is up $4.10US this AM. The indicator I used that the G7 must have approved the loan was the early recovery of PDG and ABX even though gold was not recovering. I am bullish on gold for 1998 and 1999! the Chief