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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: The Vet who wrote (57271)	8/13/2000 10:25:11 PM
From: Hawkmoon	Read Replies (1) of 116954

It certainly is not the strongest in Purchasing Power Parity (PPP) terms Hmmm... all of these fancy terms people are throwing at me lately. Someone hit me with the term "Hedonics" the other day trying to describe how economic data is being "massaged". And now we have purchasing price parity. Well, all I know is that S. Africa's economy is not the best it has been, and that 6.89 S. African Rands will buy you ONE US Dollar. finance.yahoo.com So that tells me that one must have 7 Rands in order to purchase the same amount that can be purchased for one US dollar. And btw, I'm not saying that the US dollar will always be the strongest currency. In fact, having too strong currency is detrimental to expanding our export base. The US dollar was quite weak in relation to the Japanese Yen and other currencies just a few years ago. futures.tradingcharts.com So I would appreciate it if you could explain what you mean by PPP. Regards, Ron

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