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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Zardoz who wrote (52456)	5/8/2000 4:22:00 PM
From: russet	Read Replies (1) of 116815

And those great analysts (ggggggg) on CNBC are correlating resource based currencies with the CRB again,...seems the currencies like the $Aussie, and the $Canadian along with a wheelbarrel full of other developing economy currencies are dropping against the $US, which has been a leading indicator of drops in the CRB index in the past. The bottom line,...Greenspan's rate increases are having a world wide effect now, depressing demand for commodities, and is causing an economic downturn to take hold over the next few quarters,...those hoping for inflation to drag along the price of gold, may have to wait a bit longer.

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