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

To: Jim McMannis who wrote (25507)	1/6/1999 1:28:00 PM
From: Zardoz	Respond to of 117273

"Do you think it was a joke to price the "euro" at more than a dollar in the first place? It will probably end up at .70 like another North American currency. Dollar up 2 yen, Euro below it's original price and the XAU still up...Watch that strength." I expect the Euro to depreciate over time. That's the name of the game, isn't it? And with ever 1% down, there'll be more gold on the auction markets. Let's admitt the truth here, a $.66 CAD dollar doesn't hurt a country with a faster growth rate then the USA... The IMF and WTO both want Canada to have a higher inflation rate then what we do, so without cutting taxes, you float the currency. It finds it's bottom, and your economy suffers less from inflation & deflation. This is the reason for no Gold standards. You know, I'm sure, that keeping excess gold like Canada had in the past; only forced Canada into a recession. This is why HK style PEGS don't work, and why Germany Gold Standards don't either. YES germany has a strong Currency; and a strong unemployment {getting larger daily}. So why has Canada a large unemployment {transition between commodity producers to tech & services industries} What strength in the XAU? A 1-2% per day is normal... string them together for a few weeks, and take the average, and it looks dismal. Even in a weighted average, the last three days me little. As it's still only trading in a ratio around the gold price...which aint moving.