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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Amelia Carhartt who wrote (20146)	9/30/1998 5:34:00 PM
From: Juster	Read Replies (1) of 116764

Maximum fear will continue to drive money out of equities into bonds. This will keep lowering interest rates next year along with decreasing rate moves from the Fed. This will allow Brazil, Mexico and others to refinance their outstanding loans without defaulting on the banks. Just like refinancing your home at a lower rate, You can now pay off those extra bills without further outlay or you can afford a larger mortgage and have extra cash to spend on stimulating your countries economy. Cheap money will cause Inflation in the USA unless we have a severe recession. At this point, a severe recession does not look likely. So what's the best thing to own if money is cheap? GOLD! Watch interest rates. The lower they go next year the higher Gold goes. Juster

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