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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Hawkmoon who wrote (38567)	8/7/1999 9:02:00 PM
From: Enigma	Read Replies (2) of 116764

<<. A cheaper dollar lowers the trade deficit while making our goods more competitive overseas. That will be good for earnings (unless every other economy collapses and can't afford to buy anything)>> Too simple. Cheaper dollar could be inflationary - imports much more expensive and many U.S. manufacturers have a large percentage of components made overseas. Taake the typical automobile as an example. Additionally a cheaper dollar will hasten the flight of capital from U.S. markets and will greatly diminish the perceived wealth of investors who will cut back on consumption. Higher oil imports priced in diminished dollars will increase transportation and heating costs and cut into earnings. And finally all of this should help the POG. d

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