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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%Nov 17 4:00 PM EST
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To: long-gone who wrote (59857)10/17/2000 11:11:04 AM
From: Mike M2  Read Replies (1) of 116762
 
Long gone, some interesting analysis on the euro's weakness from Dr. Richebacher dailyreckoning.com In his oct. letter Dr. R also notes that " the biggest single item among recorded U.S. capital inflows is ,in fact, borrowing by corporations and federally sponsored agency ( GSE) bonds. And their borrowing effectively implies the conversion of euros into dollars. together they amounted to $255 billion in 1999 and $71.7 billion for 1Q2000" . The Richebacher Letter 1217 St. Paul St Baltimore, MD 21202 Mike
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