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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: Crimson Ghost who wrote (71775)	6/15/2001 4:05:55 PM
From: Professor Dotcomm	Read Replies (1) of 116790

Sorry. In the crowded, smoky filled saloon bar of GPM, I mistook long-gone for you. I hope you do not feel insulted. The message ran something like this: I need some guidance on the Jude Wanniski article you posted (#71,705). Much as I welcomed its endorsement of a $325 POG (since this was my target price I posted on this board some months ago), I cannot understand why he feels this would 'cure deflation'. If this was so, it would be a remarkable discovery which Tokyo, after 10 years+ of deflation, would welcome. I could understand why, if the USD dropped against the Euro or Asian currencies, since this could be reflationary in helping US exporters but how can a uniformly higher gold price ward off deflationary pressures?

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