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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

4:00 PM EST

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To: butkus who wrote (17504)	9/4/1998 3:58:00 PM
From: PaulM	Read Replies (3) of 116906

Butkus, I enjoy your posts and would agree if deflation were the ONLY operant force out there. It is a very real, underestimated force, but not the only one. Today is not 1929. REAL demand for oil will go down. But that demand will be denominated in a dollar that will plummet. So the price will rise, first slowly, then skyrocket as a result of the "American Contagion." Stick around this thread for the next few months and watch it with us. As for the "market" for gold, the only one that counts right now is central bank monetary demand. The coming increase in that demand will more than make up for the gold market.

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