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

To: Enigma who wrote (33061)	5/3/1999 11:18:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 117072

RE:"I can't but seem to remember an environment where gold went up as the same time as interest rates."... Gold can go up with interest rates to the extent where the higher rates are not "seen" as slowing down the economy or snuffing out inflation. Once that occurs, that's the peak for gold, even if rates are still high. For this reason you want to be careful holding goldstocks in a rising interest rate market. This can also be equated with the FED being "in front of" or "behind" the interest rate curve. Jim