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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.98+0.2%Dec 4 4:00 PM EST

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To: PaulM who wrote (33838)5/13/1999 10:18:00 PM
From: Gord Bolton  Read Replies (2) of 116795
 
You have a very interesting way of looking at the balance of trade problem.
The one thing that the U.S. is marketing better than anything else is the U.S. dollar which may be invested in the U.S. stock market.(which outperforms the dollar)
As long as the U.S. dollar(and the U.S. stock market) is appreciating against commodities and other currencies it is a desired commodity in itself and allows the U.S. to continue importing more that they export.
If the U.S. stock market took a big dip I expect that a lot of the U.S. dollars would be vapourized and the remaining bills in circulation would be significantly devalued.
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