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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

Nov 10 4:00 PM EST

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To: Square_Dealings who wrote (72733)	7/2/2001 12:37:06 PM
From: Ken Benes	Read Replies (2) of 116753

There is a difference between a drop in the dollar and the collapse of the dollar. A minimum requirement for a collapse of the dollar would be the demise of the budget surplus and a return to deficits compounded by the current account deficit remaining at very high levels. At the moment, the return of deficits is not a given, with the best possibility being a correction in the value of the dollar which will not move gold out of its current trading range. Ken

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