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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Richard Mazzarella who wrote (66805)	3/31/2001 7:50:07 AM
From: Rarebird	Read Replies (2) of 116760

Reasons For The US Dollar Bubble: 1. Foreign institutions and investors holding leveraged U.S. investments have to buy U.S. Dollars in order to avoid having to SELL those investments. 2. Repatriation of capital by large U.S. institutions to shore up their domestic portfolios against the HUGE losses sustained in the decline of U.S. stock markets. Leverage is involved in both cases, which means they have to put up more money, or see their investments sold out from under them. 3. Safe Haven Buying From Overseas. However, the faster the Dollar rises, and the harder the global recession hits, the more difficult it will be to raise and/or earn capital. Lower U.S. interest rates won't save the global economy this time. When that recognition finally hits home, the US Dollar will reverse dramatically. With nowhere else to turn, Capital that can still be rescued will look elsewhere. "They" will turn to Gold, the investment of last resort and the Ultimate "Safe Haven." Got Gold?

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