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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

4:00 PM EST

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To: Terry Rose who wrote (16429)	8/23/1998 1:23:00 PM
From: teevee	Read Replies (1) of 116762

Hi, The deflation of commodity prices seems to have preceded the downward spiral of global currency deflation (we saw gold fall from ~$400/oz to current prices-this preceded the fall in other metal and commodity prices such as oil, gas, lumber, grain etc). It appears that currencies must devalue to reflect to true value of real commodities. If this is so, is gold acting as the "bell weather" indicator of which commodities and currencies have been oversold and which ones have more (and perhaps how much) to come off price wise? Any comments on this provocative musing? regards, teevee

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