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Gold/Mining/Energy : Gold Price Monitor

GDXJ 129.79

+4.6%

4:00 PM EST

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To: Alex who wrote (25344)	1/4/1999 11:57:00 PM
From: PaulM	Read Replies (1) of 116958

Alex, a thought. If the U.S. has consistently had the highest interest rates of any of the big three currency countries--and this with the advantage of being the world's reserve curency--where will interest rates settle when the U.S. loses this advantage? Whereas in the past the U.S. currency had a unique advantage (foreign demand), the other side of the coin is that it is now saddled with a unique disadvantage (foreign supply). This will be an interesting year.

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