PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (499080)	11/26/2003 1:39:29 PM
From: Hope Praytochange	Read Replies (1) of 769670

Gold aficionados believe that the dollar will continue to fall. They argue that the Bush administration wants a weaker dollar and that confidence in the dollar is being hurt by American foreign policy. The current account deficit, which measures the balance of trade in goods and services with the rest of the world, is nearing $500 billion, and that is also a drag on the dollar. Yet if the economy does manage to continue to grow modestly — after the stunning 8.2 percent growth at an annual rate in the third quarter that was announced on Tuesday — the dollar might not fall all that much more, limiting the upside for gold from here.

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