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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.14

+1.2%

Dec 30 4:00 PM EST

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To: gregor who wrote (3146)	11/14/1997 10:30:00 PM
From: lorne	Read Replies (1) of 116836

Hi Gregor I'm surely not a doom and gloomer although I sure don't feel good sometimes about world banking and trading. I have no doubt that productivity increased in the last qtr. the problem as I see it is soon we will have to sell our products to ourselves, seems like Asia has been mass producing for years and now they have to devalue their currency so they can sell the glut of products to the rest of the world. What I wonder about is how long the USA can absorb this uneven trading before they to must devalue to compete and sell their products that they are so good at producing. I also wonder how long USA can continue to bail out other countires and I suppose why bother. I just think that sooner or later we have to start taking care of ourselves, it is good to help others but at what cost to ourselves. If you could point out to me where my thinking is screwed up I would appreciate it ,just trying to understand thanks Lorne

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