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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: Investor-ex! who wrote (31326)	4/8/1999 12:06:00 AM
From: PaulM	Read Replies (3) of 116798

Oil Sparks No Inflation Fears at Fed biz.yahoo.com P.S. Do you have any opinion as to what the the real rate of inflation is (not the CPI, the overall annual percentage loss of purchasing power of the dollar)? For me, it seems pretty obvious that we're in the midst of an equity mania unprecedented in the history of our Republic. There is only one range of real interest rates that could explain these circumstances: less than zero. Negative real interest rates would explain a great deal and put inflation at about 5% annually, give or take. That sounds about right to me.

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