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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: goldsnow who wrote (5279)1/5/1998 9:34:00 PM
From: Thomas F. O'Connor  Read Replies (2) of 116762
 
You are exactly right. As of 9:00 PM EST, the Dollar had appreciated a further 15.8% against the Indonesian Rupiah, 6.8% against the Malaysian Ringget, 5.5% against the Philippine Peso, 9.39% against the South Korean Won, and 5.98% against the Thai Baht. If these markets don't stabilize soon, there is going to be generalized default in Southeast Asia. Then, what might they use for money?.
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