Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: GC who wrote (12616)	8/27/1998 7:41:00 PM
From: Sawdusty	Read Replies (1) of 34075

Off Topic You are correct GC. Our company exports about 90% of what we make to the U.S. and it is currently great. However, I cannot help but think that the more dramatic the fall is, that some will clue in and start demanding price decreases. Once lowered it will be very difficult to get it back. It is not all gravy however as our raw material and equipment is all purchased with the "real" dollar. There is also the danger that the U.S. trade deficit gets to a level that the sentiment may turn negative towards imports, which could hurt drastically in the long term. My hope is that the weak markets ultimately result in the Fed lowering the interest rates and printing even more money to bring the U.S. currency more in line with the rest of the world. A continually increasing dollar will ultimately hurt the U.S. exports. We also need just a tad of inflationary pressures to quick start the resource sector. Possibly we can then see a more gradual and realistic increase in market valuations. JMO and probably wrong, Dan ps: I think I am posting here to frequently and all of them are off topic. I'll stay away for awhile and give you people a break.

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