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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: Terry Rose who wrote (5229)	1/4/1998 4:46:00 PM
From: goldsnow	Read Replies (4) of 116753

But don't believe any of this, because the assumptions underlying these forecasts are not sound...." Indeed, those who care to comment on their numbers are telling us that the US slowdown will be brought on by rising interest rates and falling exports to South-East Asia. None of that stands. Here is why. Interest rates in the US are not rising; they are falling quite rapidly, and seem set on a downward trend as the Fed continues to pump up its monetary base -- the only monetary aggregate it directly controls." afr.com.au

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