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


To: long-gone who wrote (83437)3/18/2002 6:18:35 PM
From: PAUL ROBERTSON  Read Replies (1) | Respond to of 116764
 
gold and stocks seem to be getting more and more sensitive to the yen. It is amazing how the Japanese government and business continue on spending money that they do not have. The wall for the yen has been hit as far as i am concerned. The savers want nothing to do with it anymore now that the government is fiddling with the banking insurance limits. The US buck is next in line. Think about it, if you were a loans officer figuring that the greenback was about 25% overvalued, being approached by a small business, would you lend to the startup? No way and that is why we are going to see an extraordinary credit crunch. The easy money has not even begun. The meal has just started with the appitizer having been served. This gold thing could go on for quite awhile.