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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG
NXG 50.72+1.3%Nov 3 3:59 PM EST
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To: Northern Marlin who wrote (36)6/17/2004 9:14:18 AM
From: Northern Marlin  Read Replies (1) of 148
 
May, 2004 PPI versus May, 2003:
5.0% Finished goods, 7.1% Intermediate materials, & 21.9% Crude materials

It appears that inflation is picking up fast. The Fed will be unable to raise interest rates fast enough to make real rates positive. That's bad for the dollar, but good for gold.

Phil
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