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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Alex who wrote (7772)	2/22/1998 12:56:00 AM
From: Abner Hosmer	Read Replies (1) of 116764

Thanks Alex - Lets hope they can accomplish change without violence down there. ZOMBIES IN ASIA: "As Zombies in Asia's financial sector are buried, the supply of credit from Asia will evaporate." webcom.com "...competitive devaluation isn't a risk in Asia; it is the reality!" The upshot; steep declines in industrial commodities prices, slowing global economy, dollar at 135-140 yen in '98 and 150 yen in '99, tumbling oil prices due to declining Asian demand, declining capacity utilization in the US confirms that the Fed has room to ease. More bad news for gold bulls. Tom

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