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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%Jan 23 4:00 PM EST
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To: marginmike who wrote (95922)9/22/2003 1:00:48 PM
From: Ironyman  Read Replies (1) of 116915
 
Don't worry...The Chinese are loading up at about a million ounces per day on the Auzzie exchange. What happens in New York is just a shell game.
---The way I understand it, is that back around 1996, the Chinese committed to US treasuries in order to obtain trade status, but now that the US consumers have gotten used to cheep goods they a now playing a game of economic warfare.
In a couple of years, due to mega-inflation, we will see 1000.00 per ounce gold.
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