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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

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To: Chispas who wrote (96438)	11/27/2003 12:19:21 PM
From: Chispas	Read Replies (1) of 116753

Chris Wood wrote this in July...He's probably correct... ................................................... (Chris' employer is Credit Lyonnais.) "Wood predicts that by the end of the decade there will no longer be a possibility that the world's central banks can control the situation, and there will be a truly massive devaluation of the US dollar. 'The view here is that the US dollar will have disintegrated by the end of this decade. By then, the target price of gold bullion is US$3,400 an ounce.' That is roughly 10 times gold's current level. If that were to happen, Asia's holders of dollars would be forced to start selling them or see their own reserves collapse. If they start to sell them, the price of America's paper will fall even faster....." atimes.com

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