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To: Sunny Jim who wrote (30597)10/23/2000 11:29:44 PM
From: Crimson Ghost  Respond to of 436258
 
Right now the dollar is the ultimate safe haven, not gold. That is why gold no longer responds to world crises the way it used to. In fact one can say all the things that used to help gold now the hurt the yellow because they now benefit the dollar first and foremost.

But the surging dollar is rapidly bcoming a noose around the neck of the global economy. At some point in the not too distant future it is going to break hard. That is when gold will soar. But anybody who thinks gold will rise in response to such things as inflation, oil prices, events in the Middle East, etc. will continue to be disappointed.