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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST
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To: lorne who wrote (72169)6/22/2001 5:40:16 AM
From: PAUL ROBERTSON  Read Replies (1) of 116791
 
Lorne,
Keep in mind that we are talking about soft targeting here and not an overnight movement. Also, deflationary forces are so strong that even at the present rate of M growth, deflation is still very much intrenched. We are not talking about massive moves here, just enough so that American business can breath. With the present dollar rates they are being suffocated right out of business.
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