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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Zardoz who wrote (86366)	6/4/2002 9:51:48 AM
From: The Vet	Read Replies (2) of 116764

Zardoz you make the same mistake as most of the so called market gurus. You assume that your measuring stick (the US dollar) is a finite and fixed size, not the elastic and flexible thing it really is. The BOJ is printing Yen and exchanging them for US dollars (they laughingly call this "buying" dollars). The FED is printing more dollars to replace those pulled out of the market into the BOJ computers. Nothing, not even paper changes hands, just a proliferation of computer entries. An ounce of gold hasn't changed at all; it's still an ounce of gold, but it may take a wheelbarrow full of paper to entice the holder to part with it...

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