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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: Zardoz who wrote (79474)	11/20/2001 1:06:25 PM
From: Ahda	Read Replies (1) of 116753

The dollar could be turning here. As reported a half hour of CNBS by Rick Santori(sp?),"Japanese banks have started to repatriate in Euros rather than dollars". Later, You can take a horse to water you can tie him up and try to make him drink but sometimes if you stand on your head and spit nickels it won't work. This particular period is very different than any i know it is low interest and little profit and housing here continues to rise due the incentive of reduced capital gains here. Than incentive factor is in the wrong area of the economy. It could cause the biggest darn bunch of loan defaults in history. I see the US dollar being worth less here but the rest of the world is seeing a decrease in their exports and as Taiwan is now in a recession many will be following. The positive is only the people innovation which means to me few successful companies. The financial end I view as very precarious thoughout the world. Where interest rates were so high and gold went up due to the increased potential of default now we have interest rates so low it is even more precarious to me than it was back then yet, gold is not being seen as a hedge to dollars being deflated all over the world. Perhaps what we are seeing is a reduction in income which will in its course reduce the cost of products in our economy or create a surplus that leads to disaster due to other parts of the world vying for limited consumers. What happens if the labor rates does decrease and the dollar does fall with it? I know for the airlines the solution has been rather than a total lay off they have reduced hours of employees which does decrease the take home pay.

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