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Gold/Mining/Energy : Gold Price Monitor

GDXJ 89.99

+2.8%

Nov 5 4:00 PM EST

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To: long-gone who wrote (38858)	8/16/1999 4:02:00 AM
From: PaulM	Read Replies (1) of 116752

Re: Sacrificing the Real Economy: "Surprise" Crop Report Causes Grains, Soybeans to Tumble biz.yahoo.com This is from Thursday. "The price drops on the Board of Trade were in reaction to a surprising crop production report from the U.S. Agriculture Department...far above the average trade guess." Considering this followed the Fed's "Beige Book," and preceded the Commerce Dept's PPI, I suspect this is just another attempt to save paper at the expense of supplies of real things. Pursuing an inflationary path--and then claiming there is none--seems to be the in thing now (Greenspan doesn't entirely support this policy, hence the resignation rumors). For a clearer picture of U.S. (and global) inflationary pressures: Economic Boom Sparks Brick Shortage biz.yahoo.com Crude Oil Rises Near 22 Month High quote.bloomberg.com Labor Disputes Unsettle Canadian Mining Industry biz.yahoo.com Strike Talks Hit S African Mining Shares biz.yahoo.com Y2k bug Overshadows Commodities Trade "Dry bulk ocean freight rates increased 14 percent in the April-June quarter and rose 45 percent since January lows." techstocks.com

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