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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: Bobby Yellin who wrote (43155)10/17/1999 1:38:00 PM
From: Hawkmoon  Read Replies (2) of 116764
 
How will the weakening dollar impact their own economies? if euro starts strengthening and dollar weakens..won't that affect their economies adversely? and strengthen our exports? please elaborate
--oops are you going to say that this way the euro will look a lot better than it is and have people gain more confidence? is it once again perception rather than fundamentals?


Correct.

The US is not an export based economy to the extent that the Asian's and Europeans are. So the Europeans will sacrifice their export economy in order to preserve their currency, the Euro. But unless they make the structural economic and social changes required to increase worker productivity, spur economic growth, and reduce budget deficits, it will only delay the inevitable; a Euro that falls below par value with the US dollar (IMO).

Regards,

Ron
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