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

To: Gord Bolton who wrote (30771)	3/28/1999 11:14:00 AM
From: JS	Respond to of 116796

Yes, it is a matter of perspective. However, are we in this for philosophical reasons: (how many professors can dance on the head of a pin without hurting themselves too badly? Sorry, but I didn't get that part!), or are we investors trying to make a return? What's your point? Regards,

To: Gord Bolton who wrote (30771)	3/28/1999 11:39:00 AM
From: sea_urchin	Respond to of 116796

Gord: Re "Over the last year POG has risen significantly in relation to many of the world's currencies" Yes and no. The best index of POG in relation to a basket of the strongest currencies is gold price, as measured in SDRs. Check out pacific.commerce.ubc.ca And you will see that, although the gold price in SDRs did make a sharp upturn recently, it has fallen back quite sharply and is now near the bottom value for the year. In time, however, it may make a "double bottom", but we will have to wait for that.