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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (51029)	4/2/2000 2:22:00 PM
From: Rarebird	Read Replies (3) \| Respond to of 116762

<Are you saying that foreigners will continue to pour money into the States if short term rates rise - even if this causes a severe correction in the market?> Foreigners are helping to support the US Market. By raising rates, Greenspan is helping to keep the dollar strong and foreigners invested. A severe correction will only take place if the US economy goes into recession. < What happens if the official inflation numbers increase?> It depends on Growth. If the Inflation Rate > the Growth Rate, then that is a big positive for Gold. If the Inflation Rate < the Growth Rate, then Gold suffers. At the moment, the Growth Rate > Inflation Rate, so why should foreigners repatriate? I don't see a good fundamental reason why Gold should rise at the present time.