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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: goldsheet who wrote (96115)	10/23/2003 1:54:51 AM
From: marek_wojna	Read Replies (2) of 116760

<<Base metals still rule <grin> >> Yet there is nothing to compare base metals fever to the gold fever. Ivanhoe might be excluded from my point of view because of many factors including management and mixed deposits with gold. I'm still in favor of fiat money meltdown on global scale what will create gold rush contrary to your point that recovery will take the place. With US customers in debt up to the ears, conservative spending in Europe, Far East will rather collapse than give a robust growth for the planet Earth. Global economy created vicious circle where soon we might see China operating at 70% capacity. Inflation and only inflation can break it down, but how to inflate without rising rates. Can you calculate deficit with 8% interest rates? Good luck. Marek. P.S. Nice to see you back on the thread, Bob.

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