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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: John Hunt who wrote (26359)	1/17/1999 10:37:00 AM
From: John Hunt	Read Replies (2) of 116764

A Japanese Tale gold-eagle.com << In early 1991 I read in Newsweek that the that the land value of Greater Tokyo was worth 20% more than the whole of the USA. If a hypothetical owner of Tokyo sold his property in early 1991, he could have bought outright all 50 states of the USA and still have 20% of his capital available to develop his new home - the US of A. UNREAL! As an ex-physicist and ex-computer systems analyst turned technical analyst with an interest in markets and economics, this fact to me spelled Disaster with a capital D. From that time on I gathered as much information I could find about what was happening in Japan and why the situation had developed in the first place. This became more urgent when the property bubble burst later in 1991 - and it became evident to me why the whole world was being caught up in a vortex that would drag most economies into its depths. -- cont'd -- >>

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