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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.03

+2.1%

Jan 23 4:00 PM EST

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To: LLCF who wrote (52988)	5/19/2000 12:35:00 PM
From: Hawkmoon	Read Replies (1) of 116915

It will be interesting to see AG maneuver this aircraft carrier through the 'straights'. More appropo would be trying to sail a Supercarrier through the Panama Canal. Raising interest rates merely makes the dollar that much stronger, thus making foreign goods more attractive and encouraging US manufacturers to move operations into countries they are trying to export to. Also, it provides them the ability to ship cheaper goods back to the US. Thus hiking interest rates does more damage to US exports overseas than it does to US domestic spending which can import cheaper goods from nations with weaker currencies. On the other hand, if AG continues this approach as he attempts to apply a "jake brake" to the US economy, he runs the risk of stalling the engine completely. Regards, Ron

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