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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: PaulM who wrote (13835)	6/27/1998 6:31:00 PM
From: John Lacelle	Read Replies (2) of 116796

Paul, Latest Business Week talks about how the Chinese economy is about to dump. They said 25% of all real estate loans are non-performing. They also mention that the Government is about to give up on protecting the value of their currency. I hope Clinton doesn't offer a 10 billion dollar package to protect the currency. Anyway, if China does go down, watch for another round of deflation in Asia as all the other nations try to compete with a deflated Chinese currency. Things could be getting a lot more ugly soon... -John

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