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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: lorne who wrote (72169)	6/22/2001 9:51:46 AM
From: marek_wojna	Read Replies (2) of 116791

<<. Wouldn't a loss of value of the US$ cause a loss of value of all who hold the US$ as a store of value and a loss of confidence in the currencies of the affected countries>> Hi,Lorne Loss of value in terms of US$ is being prevented by the bankers around the world. Is too much of stake for them now. Their prestige and jobs. I don't have doubts the present system will collapse as it is no more free market. While I'm not sure about next 3 months about POG, I'm positive that when the next quarter comes with another cuts in earnings, interest rates cut to minimum already, the freefall of dollar and maybe most of currencies begins. Search for universal currency will take the place. E-gold stand best chances.

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