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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: PAUL ROBERTSON who wrote (90812)	10/29/2002 12:15:50 PM
From: Ahda	Read Replies (1) of 116790

I agree but it is a very long term scenario you are seeing. Cost is a driving factor in business. Labor costs here and in Japan cannot be compared to those in China. The cost to build a new plant in China could very well be fractional to the cost of upgrading one here. Both Nations attempted to stop an economic slow down. Grace in her posts has clearly showed the FED now realizes that you can't pump up anything. If consumers demand more companies will build to meet the demand. If that demand base does not have an internal drive force and you are acting only as an external supplier there will be some sort of world balancing act that takes place. The US was fortunate in the sense the dollar has been so strong it use outside of the country acted as a buffer to inside inflation.

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