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Gold/Mining/Energy : Gold Price Monitor

GDXJ 144.29

-0.5%

Jan 26 4:00 PM EST

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To: IngotWeTrust who wrote (96053)	10/11/2003 9:20:04 PM
From: Gabe Heti	Read Replies (1) of 116923

Thank you. Exactly my point. Taking your numbers, you pointed out that the US dollar will fall 26% relative to the Euro (to .68 from .92) and the Canadian dollar will rise 21% against the US dollar (to .90 from .74). Hence the Canadian dollar will FALL relative to the Euro and probably relative to gold priced in Canadian dollars. Check out fx.sauder.ubc.ca The same has happened in the last year. Gold is up 15% in US dollars but down 3% in Canadian dollars.

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