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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Alex who wrote (1212)	8/12/1997 12:04:00 PM
From: Gary	of 116788

Historically we have always seen a rise in inflation and interest rstes in Britain prior to the North American countries being effected.It has always been a forerunner to inflation and particularily interest rate increasees in North America. The Bank of England increased rates on July 10/97 and again last week. The rate is now 7% , considerably higher than in North America. Where do we go from here in N.A. ? ? 1998 could be interesting and when we have a head of U.S. steam in place such as we have now it will not be all that easy to slow down !! Gary

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