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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: John Hunt who wrote (23846)	12/6/1998 2:04:00 PM
From: John Hunt	Read Replies (2) of 116764

The Brazilian Financial Scam gold-eagle.com << In Brazil, a multi-billion dollar financial scam is in the making. The IMF sponsored operation is a "re-run" of last year's speculative raids on Southeast Asia which led to the confiscation of more than 100 billion dollars of hard currency reserves. On Friday September 11th amidst turmoil on the Sao Paulo stock exchange, some 1.7 billion dollars had quietly left the country in a single day. In October, the pace of capital flight (funneled through the FOREX market) was running at the pace of 400 million dollars a day. -- cont'd -- >>

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