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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: Gabriela Neri who wrote (6713)	1/25/1998 11:35:00 AM
From: JD	Read Replies (1) of 116759

Asian flu expected to cost 1MILLION US jobs. Talk about a resistant strain! cbs.marketwatch.com << The U.S. merchandise trade deficit, already at record levels, will head higher because of the currency crisis in Asia, costing more than 1 million American jobs, a labor-backed think tank is forecasting. >> << "The recent collapse of Asian currencies and financial markets will have severe economic consequences for the United States,'' the Economic Policy Institute said Friday. >> Also ... Have been hearing a lot on the tube from 'those who know' (by their account anyway) that POG rise is just an emotional overreaction to the Billy bait affair. They say that we should soon see prices down around $265. IMVHO the loss of confidence stemming from Clinton scandal may well serve as the global trigger to the gold bull by stripping US$ of its 'unfallible' mystique. Also... Japan/IMF to focus on Indo fix this week, with Australia showing up to support biz.yahoo.com . Regardless of their ability to succeed doesn't it indicate that Asia is now taking a very pro-active role in finding ways of saving itself rather relying solely on the US and its $. (... another vote for possibility of ACU down the road ???). JD

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