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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: long-gone who wrote (66760)	3/30/2001 11:58:58 AM
From: Rarebird	Read Replies (2) of 116753

<How much longer can they keep up the game of "divesting" what they've already loaned and is now gone?> The paper game or Ponzi scheme cannot go on ad infinitum, as the decline in the Nasdaq over the past year has illustrated. The end of the Ponzi scheme(which is not illegal BTW- that's where GATA has it all wrong) will come from a Cascading Dollar. Ultimately, the economic fundamentals rule and determine the movement of the currency in question. There is a mistaken assumption here that the US is going to get hurt less than its trading partners in a global economic downturn. This is not 1997. I think it is very possible as the economic environment deteriorates even further, one of the CB's breaks rank and buys Gold. How much longer would you continue to fund someone who you know deep down cannot pay you back and whose economic situation is getting worse each passing day? Wouldn't you eventually cut your losses and start over?

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