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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: long-gone who wrote (14436)	7/13/1998 2:12:00 AM
From: Zardoz	Read Replies (2) of 116759

"So now we will import more inflation! A real + for gold a downer for the $. rh Monetarist View: Where do you get the idea that inflation is a positive for gold, and a negative for the USD? They two do not neccesarily go hand in hand. You need to take in account growth as well. And in a world of deflation, a small growth rate may push the USD stronger, and the POG down. Gold may well dip to $272 before the markets finally die. And the USD drops like a rock, due to trade deficiet,,,,etc. PS: Hahimoto resigned.

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