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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Crimson Ghost who wrote (72200)	6/22/2001 12:53:41 PM
From: marek_wojna	Read Replies (2) of 116954

<<You are wrong on the dollar. The high dollar is a key factor behind US corporate earnings problems. US industry is begging for a weaker dollar. It is the financial sector that is benefitting from the strong buck.>> I really do hope I'm wrong. But once the dollar starts its decline I can see East Europeans and rest of the world dumping dollar faster than administration can raise the rates to prevent it. Please to remember, most of the accounts in Swiss banks are held in US$. Weak dollar will mean beginning of hyperinlation and US CANNOT afford 20% interest rates like they did in 1980. IMHO.

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