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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: goldsheet who wrote (63229)	2/2/2001 3:22:20 PM
From: GST	Read Replies (1) of 116756

Bob: No need to rush to the complicated view when the more simple one works -- but I suggest that the world is not flat or linear. We are coming off the longest economic expansion in history -- an expansion that created great wealth but also great imbalances. The current account deficit is a candidate for the king of imbalances -- and it has a direct bearing on investment decisions at this juncture. If you have wealth there is an incentive to keep it. Gold could be part of the response. That too is pretty simple.

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