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Gold/Mining/Energy : Gold Price Monitor
GDXJ 145.00+2.0%4:00 PM EST
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To: Gary H who wrote (5942)1/15/1998 9:50:00 AM
From: Bob Tate  Read Replies (1) of 116906
 
Hello Gary,
"Canada is a resource base country. Thr real or imagined threat of reduced exports to the
far east is the main reason for the drop in the CD. There may be other causes but I beleive exports are the biggy."
This notion is true for bouth countries USA and Canada.
I believe currently only 10% of Canadian exports are based on raw materials. In the past used to be more.
Exports are comprised of automobiles and auto parts, communication equipment,
computer hardware and software, furniture, prefabricated houses and many more.
US dollar rules the waves. 90% of world currency drooped against it including
Canadian Dollar . Average exchange ratio last several years was 1 to 0.75.
Drop is not significant. There is substantial inflow of foreign capital in to
US equity markets that must be purchased in US dollars driving it higher.
Overal instability in world currency also creates demand for US buck.

Please see gold certificate valued at $10,000. PLease see:
gold-eagle.com
In 1915 the official price of gold was $20.67 per ounce. Therefore,
the $10,000 bill obligated the U.S. Government to give the holder
483 ounces of pure gold in exchange for the bill. With equivalent
purchasing power and at today's gold price, the U.S. bill would
need to have a face value of $179,000!

Anyone wonder why the U.S. Government ceased to issue Gold
Certificates? Anyone wonder why "paper" money is NOT as
good as gold? Not then and not now!
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