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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

4:00 PM EST

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To: Bobby Yellin who wrote (6238)	1/18/1998 8:56:00 PM
From: Abner Hosmer	Read Replies (1) of 116791

Bobby - I've grown so skeptical of "information" and agendas. Witness this latest thing with Armstrong. I don't listen to anyone anymore, just trying to search for objective data and make up my own mind. Seems the IMF was set up to help developing economies gain access to capital, looks like its just become an insurance fund/tool for International Banks who know that G7 taxpayers will pick up the tab for risky loans. Steve Forbes has some pertinent comments to make this week re gold, interest rates, and the IMF: "Instead of stemming this panic, the IMF fanned it....The IMF and the Clinton Treasury Department are wed to destructive nostrums...What action should Greenspan take? He should ease U.S. monetary policy. Dollar deflation is the last thing the world needs right now. When someone is gagging, as many countries are, you don't grab his throat and squeeze." forbes.com

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