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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: long-gone who wrote (66859)	4/1/2001 10:52:50 PM
From: Rarebird	Read Replies (3) of 116763

Only 2 things bear watching in the financial markets: 1) the end of the global bear market rally and the beginning of official economic recession. 2) the War between the Dollar and Gold. As the U.S. economy heads into a deep recession, a point will definitely be reached where the GLOBAL standing of the U.S. Dollar will be tested. No way will the U.S. Dollar pass the test! The REAL danger for the US at this point is if foreigners sell the Greenback. Gold has always threatened the Dollar's global standing. It has threatened it more since the Euro was given an OFFICIAL Gold reserve. Should such a reserve be seen by other nations as an answer to a falling U.S. Dollar, they could hedge with Euros - or GOLD! The ECB can and may very well increase their gold reserve dramatically behind the Euro when it begins trading in 2002 as a Cash Euro. I think you are right that The greatest global danger at this point is WAR. I don't think people realise that 80% of the U.S. aluminum industry is shut down because of soaring electricity prices. Inventories are still climbing....We are in the midst of the fastest economic slowdown on record in the U.S.A.. As the economy slowed down, consumers simply increased their borrowing to compensate. Why has the ECB refused to cut rates? What do they know? Got Godhood? Got Glory? Got Gold?

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