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

To: Don Green who wrote (20988)	10/7/1998 4:09:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 117055

Don, I think we'll have a better idea tonight when we see what the Japanese do with their newly strengthened yen. Or maybe even what you do with yours:) Dave

To: Don Green who wrote (20988)	10/7/1998 5:11:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 117055

More importantly, whenever the XAU leads gold higher it has never been a substained rally in either. And if you look at GOLD today, in a relative currency basis... it fell. Tue $296.00 USD/OZ * 130.2 YEN/USD = 38550 YEN/Oz Wed $301.30 USD/OZ * 120.6 YEN/USD = 36336 YEN/Oz Which is a reduction of 5.74% {-5.74% on Gold due to currency} This is the excess supply coming back onside due to currency correction as I mentioned a week ago. Throw in Britain, Canada, Germany and elsewhere. And you are setting yourself up for gold to go down, once the USD recorrects back up, due to Japan recession.