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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%4:00 PM EST
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To: Bobby Yellin who wrote (18197)9/9/1998 10:19:00 AM
From: Zardoz  Read Replies (2) of 116858
 
Bank of Englan meeting as we speak... they are expected to raise rates. If they don't, expect a drop in gold, due to currency outflows.

Japan is dead. until they spend $750US Billion. their economy will suck. Gold does well, in a deflation state. But much of the deflation in japan is systemic.

Not sure how dependent the CDN economy is on resource sector, but think I heard 11%. But not quoteably.
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