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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

4:00 PM EST

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To: Crimson Ghost who wrote (66950)	4/3/2001 4:27:27 PM
From: Keith Monahan	Read Replies (3) of 116847

What our enemies the dollar bulls are saying Enemies? Are you worried he might be right? What is your rebuttal to this section of his comments: "Still, beyond this notion of the dollar simply being a safe haven lies a more telling reason for the dollar's strength. The outstanding regulatory and legal structure in the U.S., its flexible labor and product markets, and its deep and liquid financial markets, all provide the United States a decisive comparative advantage in attracting foreign capital. A recently released study by PricewaterhouseCoopers produced an opacity index that measures the effects of unclear legal systems and regulations, macroeconomic and tax policies, accounting standards and practices, and corruption in the capital markets of 35 countries. The U.S. ranked second for the most transparent system just behind Singapore. This transparency in the U.S keeps interest rates low and foreign capital flowing in."

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