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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: Hawkmoon who wrote (53040)	5/21/2000 10:34:00 AM
From: goldsnow	Read Replies (1) of 116764

<<<It coming Goldsnow. It's coming. I'm a big believer >>> Ron, talk is cheap indeed, especially coming from the politician (s)....Faith is even cheaper, you just have to believe...<g> The European currency fell to a record 88.50 U.S. cents Friday, extending its decline against the dollar this year to 11 percent and boosting the cost of imported goods, such as food and raw materials. Oil prices themselves have gained 20 percent in the last month, while the pace of economic growth is accelerating to add to inflationary pressures. ``The euro's role in fueling inflation is getting stronger'' as the currency continues to slide, said Lothar Hessler, an economist at HSBC Trinkaus, who said an increase in the ECB's 3.75 percent benchmark rate Thursday ``couldn't be ruled out.'' The ECB has raised rates four times since early November. quote.bloomberg.com

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