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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Little Joe who wrote (5259)9/2/2003 9:07:23 AM
From: Jim Willie CB  Read Replies (2) of 5423
 
despite USDollar rise, gold continues
and the Canadian$ hangs on strongly

something has to give, the dollar or gold
my guess is the dollar gives it up

here is a twist in thinking
gold might be running, given its double-edged nature

if the recovery happens, then some measure of price inflation might take root
it would be confined largely to commodities, esp energy

if the recovery fails, then some measure of flight into safe havens
and since bonds have seen their bubble pinpricked, gold is a better bet

the world is being duped into believing the US Economy recovery story
GDP is flat, at best, adjusting out defense spending
amazing how often foreigners can be conned out of their money
I find the easiest to fool are foreigners who live inside the USA
they just cannot come to grips with the level of corruption, which extends into govt economic data reporting
I keep hearing from them "the USGovt would not do that"

/ jim
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