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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: Hawkmoon who wrote (27258)	1/29/1999 1:08:00 PM
From: mick	Read Replies (2) of 116763

You must be American. Come live up North. I think the US$ is unsustainable. Its value to all other currency has increased so much that most of it is speculation. Take a look at the Northern Peso. On a per capita basis, the Can$ should be around $ 0.80. Now we make all types of excuses such as deficits and the Quebec question (which most currency traders don't even care about), but I blame it on an overly optimistic US$. Gold in many hedge funds is selling at $ 400. This is the true price. There is a shortage. It will go up. I don't see it causing anything like the clamity you are talking about. I think currency speculation has already done the damage to world economies. Its time to release some of the pressure on the US economy before it implodes.

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