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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

4:00 PM EST

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To: Alan Whirlwind who wrote (11356)	5/6/1998 3:51:00 PM
From: Giraffe	of 116842

>>This 50 percent margin requirement, set by the Fed, has been unchanged since January 1974. Margin debt is at the highest level relative to GDP since the 1920s. Arthur Levitt, the Securities and Exchange Commission's chairman, agreed on Wednesday that margin debt is high. ''People are borrowing for some purposes that perhaps they would not have borrowed for in the past,'' Levitt told CNBC Television. ''It's a time to be cautious.'' Raising margins would cool the ''equity market froth'' without damaging the economy, said William Barker, chief investment strategist at Dain Rauscher. ''I think it's certainly a tool they have got to consider using,'' Barker said. ''But I don't think they will do it.'' << biz.yahoo.com

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