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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (25411)1/13/2003 8:45:03 PM
From: Jim Willie CB   of 36161
 
gold still left with several powerhouse factors

- massive 6% of GDP trade gap
- 1.25% Trez shorterm yield offers negative real returns
- escalating Fed deficits could tip $1 trillion soon
- low rates are 2% lower than in Europe
- gold miners are widely covering hedgebook forward sales

/ jim
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