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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST

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To: Ahda who wrote (21082)10/8/1998 12:24:00 AM
From: waldo  Read Replies (1) of 116796
 
Mighty U.S. dollar has become "mortal" -analysts

''We now have the beginnings of a serial bear market in the U.S. the dollar which will last many quarters if not years,'' Westpac market strategist Peter Pontikas told Reuters Television.

''The U.S. was so out there on its own, so clearly the leading economy in the world that everything was judged against it and found wanting,'' said Moloney.

''Now the world can no longer rely on the U.S. to be strong, the dollar has become a mere mortal again.''

biz.yahoo.com

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