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

To: Zardoz who wrote (15630)	8/11/1998 6:17:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116770

Hi- would you explain this further..also why then did Canada spend so much money recently defending their currency? hasn't the government helped create rage among the resource sector employees? How much of their plight has been caused by their social programs and how much by the flight of Asian assets? Do you know with the weaker currency how much the trade exports to USA have grown? It would seem that Japan tried to export its way into growth by helping to weaken their yen(ie was it a year or two ago they raised taxes on their people and thus helped kill their domestic economy "further" so that is why I thought they were trying to use exports as a bailout) also can't believe that with Russian meltdown,the german market wasn't killed last night although Germany's unemployment is going down.. bobby

To: Zardoz who wrote (15630)	8/12/1998 12:43:00 AM
From: Lalit Jain	Read Replies (3) \| Respond to of 116770

Hutch, Canada sold 168,000 ozs og gold last month (less than a measly $50M). Now the $cdn is backed by worthless paper IOUs, $500 billions of them. However, I think, the sale of gold is more to manipulate the POG lower by the G7 over the last decade. This is to increase the appeal of worthless bonds and equities, thereby manipulating the markets higher, and keeping interest rates low. The US has a $5.5 trillion debt. If inflation increases, interest rates go up, and the stock markets collapse, some the industrialized countries such as the US and Canada will be in deeeeeeep trouble. Just my thoughts. Regards, Lalit Jain