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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Rarebird who wrote (51032)	4/2/2000 5:50:00 PM
From: LLCF	Read Replies (1) of 116764

<. A severe correction will only take place if the US economy goes into recession. > The stock market normally is ahead of official 'recession & expansion' numbers. I disagree with your assertion. <By raising rates, Greenspan is helping to keep the dollar strong and foreigners invested. > This depends apon what other interest rates are doing since it's 'relative' rates that are important. I also agree with your use of 'Greenspan is helping'... because rates are only one of the many variables determining exchange rates... and usually a shorter term one at that. That said, to those looking for the secular move [dollars flooding back to the U.S. and the bailing out of the U.S. $ as a reserve currency [may have little, IMO, to do with i rates, relative or otherwise] I pose the question, why? What will the catalyst be?? Someone should call Jim Grant and ask him! DAK

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