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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: ahhaha who wrote (13265)	6/17/1998
From: philv	Read Replies (2) of 116762

ahhaha: When trade numbers are out, the griping will begin. What are the chances the US will move to "lower" the dollar? Printing of money does just that, but the US presses would have to compete with the foreign ones (Japan, Europe). Perhaps lowering the discount rate would be positive for gold. Equity market would love it! I have often wondered, where is all that foreign money coming into the US markets going? Is it being wisely & securely invested? Is there a point when the US cannot absorb anymore efficiently? I read that up to 200 billion dollars has come to the US lately from Asia. Phil

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