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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Larry S. who wrote (6225)	1/18/1998 4:47:00 PM
From: Bobby Yellin	Read Replies (2) of 116764

Hi Larry: I find that call on the Canadian dollar by Armstrong pretty scarey and I have a hard time believing that the US would let it happen. From what I have been reading, Canada's is less reliant on resources. It has some fantastic high tech companies etc...if their dollar went that low..can you imagine the stampede of US companies to take advantage of the wage differentials..can you imagine the deflationary influence on the USA.. At this point I know anything can happen because nobody appears to care about any long term consequences. Also about his silver call, I thought I had read that the lawsuit was tabled..maybe the article was wrong, but I did hear on CNBC a commodities analyst say that he did not think that there was manipulation and the supply side warrants the higher prices.. Again, at this point..who can one believe.. perception,perception,perception another interesting article in Barron's about Japanese no longer gobbling up bonds and bankers have more control now for borrowing costs...that certainly is a major change in the trend.. I wondered why interest rates hadn't gone up with so many borrowing so much.. bobby

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