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Microcap & Penny Stocks : IDCN - gold, garnet, etc. -- Ignore unavailable to you. Want to Upgrade?

To: Jeff who wrote (2244)	9/5/1998 11:08:00 AM
From: Sojourner Smith	Respond to of 5908

I think the gold recovery in price this week was a very good sign. Of course it is hard to say for sure it is a trend. Political factors can shift quickly. Last week the at this time, people were saying Russia may sell, dollar will remain strong, and deflation was on the way. Now what I am hearing is South America is in trouble too because fund managers have concerns it is too easy to default on loans because of Russia. So now some are saying it looks like inflation may hit. Also the dollar is weakening and Russian leaders are looking at going to the gold standard. Gold stocks also recovered some. Unless there are more major bailouts, I think the other countries of the world are going to get sick of the U.S. determining their economic health and will to unlink themselves to the dollar by going to the gold standard. Also it looks like many countries will be forced to raise interest rates. The ironic thing is the dollar gets weakened by our falling markets which is affected by banks bad loans. I think spiral is moving toward higher gold prices, however the government can intervene (I don't know with what) and make everyone exuberant about everything again.