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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Hawkmoon who wrote (67322)	4/8/2001 7:51:00 AM
From: Rarebird	Read Replies (1) of 116779

Ron, as the growth rate of the U.S. economy falls below the growth rate of the Euro Zone and other world regions, the U.S. dollar will be sold and the money reinvested elsewhere. The large U.S. trade deficit ensures that once this process gets underway, it is likely to accelerate rapidly as investors rush to get out of the greenback ahead of everyone else. The plunging U.S. dollar will spur a flight into alternative currencies including gold. If the U.S. economy actually enters a recession, this will cause an acceleration of this process. The exact same factors which caused the Nasdaq to rise dramatically as net foreign investment surged into U.S. financial assets will reverse into panic, making the U.S. financial markets one of the worst-performing asset classes worldwide over the next few years. I'm expecting a strong downward surprise when first quarter US GDP is reported the week of April 23. Got Gold? Got Guns? Got Guts?

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