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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: Ahda who wrote (38074)	7/30/1999 2:42:00 PM
From: Hawkmoon	Read Replies (1) of 116762

Darleen, Markets are one thing and I would agree that trade deficits do result in other nations plowing their dollars back into the US. But the US economy is STILL predominantly a domestic economy. Exports only make up some 15% of our GDP, the last I recall. How does that compare with Japan and China's domestic economy? Actually, should the dollar decline in value, that is taken as a good sign for US economic health because our domestically produced goods are more competitive against cheap foreign goods. It may hurt stocks in the short term because of the exchange rate differential, but when the dollar bottoms, they'll be back because our economic growth will be EVEN STRONGER as our exports become more marketable overseas (if the poor buggers have any money to spend). Regards, Ron

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