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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.07+0.7%Jan 16 4:00 PM EST

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To: Ahda who wrote (62122)12/20/2000 3:53:43 PM
From: PAUL ROBERTSON  Read Replies (1) of 116876
 
good to see you put two and two together Darleen. It was quite muddy months ago but is almost clear now. There is no way out for AG now, he must print or go down as the one who brought it all down. The smoke and mirrors and creative accounting that has made America the wonderful, if not properly dealt with, will crash it. It now costs roughly half to produce something in Canada vs the USA after the exchange rate and average hourly wage {about a full $2 an hour less in Canada. Point being, that the good old US of A is by far the most uncompetitive nation on earth right now productivity{CNBC and gov't figures BS} aside.
The borrowing of the nations social security funds to fabricate a surplus and lower tax revenues are going to be the icing on the cake. A dollar index in around the 70-80 level may help to ease the pain of lower paying jobs and incredible debt levels, that is, unless hyper inflation is the choice of weapons by AG.
The pump and dump mentality is coming home to roost. Chrysler is a perfect example. A few big winners but the average American is going to be the big loser.
Paul
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