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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.67

+0.4%

4:00 PM EST

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To: Alex who wrote (25791)	1/10/1999 1:51:00 PM
From: John Hunt	Read Replies (1) of 116856

Inflation - The Choice Of Governments Worldwide << As reported in the December 18 edition of Grant's Interest Rate Observer, the deputy governor of the Swedish central bank recently told a press conference that a just completed reduction in interest rates would fail to bring the rate of rise in the CPI back up to the bank's target of 2% (as of November, the inflation rate was running at minus 0.5%). This is a rare admission by a central banker of something which has been clear since the connection between the financial and physical worlds was severed in 1971 with the removal of any remaining official links between the US dollar and gold, that is, that governments prefer inflation. -- cont'd -- >> gold-eagle.com

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