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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: PaulM who wrote (52108)4/30/2000 7:37:00 AM
From: Rarebird   of 116759
 
"Economic growth fueled by debt expansion (the creation of liabilities) can only last as long as the players agree to hold the debt in the nominated currency. Once the players decide to cash in their "chips" and there are no new acquirers of these "chips" waiting in the wings, then the game is over."

Nice little statement from Professor Von Braun.

What will cause the players to cash in their chips? How far will the Dow and Nasdaq have to fall before the players sell the US Dollar?
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