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To: Zardoz who wrote (51987)4/27/2000 9:56:00 AM
From: Rarebird  Read Replies (1) | Respond to of 116762
 
Ultimately, I think Gold, as a currency, will move inversely to the Dollar, which, by the way, is higher today.

But I can't see how the Dollar Index won't eventually decline and decline hard in the face of a declining equity market. US denominated assets are not as safe as most of the World thinks.



To: Zardoz who wrote (51987)4/27/2000 10:10:00 AM
From: Rarebird  Respond to of 116762
 
Hutch, the economic data today is certainly negative for the dollar down the road. Remember that markets at irrational extremes often go to greater, more irrational extremes before sharply reversing.

Do you think this data is positive for the Dollar?



To: Zardoz who wrote (51987)4/27/2000 10:27:00 AM
From: LLCF  Read Replies (1) | Respond to of 116762
 
<Gross domestic product, or GDP, expanded at a 5.4 percent annual rate in the three months from January through March, down from 7.3 percent in the fourth quarter last year. Now do you really think: Inflation Rate > Growth Rate ?>

Exuse my naiveite but isn't GDP a nominal number?

DAK