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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.98+0.6%Nov 21 4:00 PM EST

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To: Zardoz who wrote (15137)8/2/1998 10:15:00 AM
From: G.T.  Read Replies (1) of 116764
 
Good summary Hutch
The exporting of inflation is indeed sowing the seeds of recession.
If they allow the Yen to fall as far as you say then currency devaluations around the world will intensify with falling stockmarkets. By falling stockmarkes I mean at least 50% over a one year time span. Look at the Hang Seng was 16,380 now under 8,000 and will be under 5,000 by end qtr 1,99
People have become too greedy over the past ten years and those still in will be paying a terrible price before qtr 1,99 ends.
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