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Gold/Mining/Energy : Gold Price Monitor
GDXJ 120.00+2.0%Dec 22 4:00 PM EST

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To: long-gone who wrote (34246)5/20/1999 9:58:00 AM
From: Ken Benes  Read Replies (1) of 116822
 
Richard:

If you add up the entire trade gap since the Asian crisis, the total is approaching 3/4's of a trillion dollars. The US role as the world's leading debtor nation is increasing at a time of unprecedented economic growth.
This scenario for any other country would lead to a melt down in their currency and a falling bond price. With gold acting as a barometer for the health of the US economy, it is imperative that gold be denegraded in order to preserve the illusion that our financial markets are not out of balance. Toward this end, the producers have become coconspirators of the cb's in controlling the gold market.

Ken
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