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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: RealMuLan who wrote (37463)	7/21/1999 6:00:00 PM
From: Jim S	Read Replies (2) of 116770

I don't know enough about to argue with you, but it seems to me that the way the trade figures are being computed is probably correct. If the trade numbers were computed on profit, rather than exported value, they would really be distorted. For example, take the export of US military aircraft -- they go to foreign countries at a net loss to the manufacturer. Even commercial aircraft are net losers until support packages are included. Seems to me that the net cost to the importer is an appropriate measurement. BWDIK jim

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