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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.21

-0.4%

4:00 PM EST

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To: Rarebird who wrote (36523)	7/5/1999 12:51:00 PM
From: Hawkmoon	Read Replies (1) of 116815

....Struggling U.S. farmers, responding to a U.S. government crop loan program that pays higher rates for soybeans than for other crops, are expected to produce 2.8 billion bushels of soybeans this year, a third consecutive record high...... ....."The Federal Reserve Board must end the deflationary spiral in commodity prices by pegging U.S. interest rates to GOLD and other commodity prices."..... ....."Lowering interest rates has been a good plan of attack," he said. "But the Fed now has to stabilize commodity prices by using GOLD and other commodity prices as benchmarks to set monetary policy."... Why'd they dedicate so many words to this argument?? Why not just come out and say what they mean, which can be summed up in 3 words. We want subsidies!!!! <VBG> Regards, Ron

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