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

To: Enigma who wrote (26187)1/14/1999 4:36:00 PM
From: Hawkmoon  Respond to of 116764
 
I think so....

Watch Venezuela and Mexico. If they devalue (which they ultimately will), they will have to pump that much more oil to meet their revenue targets.

That will have an even more adverse impact on the price of oil and lead to more throat cutting by former OPEC members to maintain market share.

And oil and gold seem to follow the same course.

Regards,

Ron




To: Enigma who wrote (26187)1/14/1999 5:08:00 PM
From: Copeland  Read Replies (2) | Respond to of 116764
 
Really looking forward to Brazil dumping all the dollars and marks in their vaults soon in order to "defend" the Real.

It's not going to work.

Devaluation = Recession.



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