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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: Rob who wrote (3318)	11/19/1997 11:45:00 PM
From: The Fix	Read Replies (1) of 116814

Hello Rob......First off I'm currently in Calgary. I was watching a news report (from Global T.V. news, I beleive) that stated, "inflation on the rise in Canada", I only caught the latter end of it. I agree that anything under THREE pts. is nothing to worry about. Deflation will never be a factor in our lifetimes, mark my words when I say this to you. I agree as well, to wait for inflation to make gold run will take a long time to happen. The point that I was making is that the word "inflation" has been reintroduced into the info chain for the masses. This is very important here, don't you agree? Your Minister Thesen (SP) stated that interest rates might rise in the future to stimulate the economy. This was all according to this report. I personally am of the opinion that Canada's economy is going along fine and that the only reason to bump interest rates is to support your weak dollar. As far as the POG coming back.....I was one of the first to suggest that the Japanese buy gold to get thru this current crisis with the Yen. This might be happening now quietly as we speak. Fixer

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