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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST
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To: J. Nelson who wrote (14319)5/25/1999 12:16:00 AM
From: SSP   of 25548
 
What would the impact on gold be if there is a rise in interest rates?

From the Insider Report,

"The drift lower began predictably following that euphoric buying
spree, but the interest-rate fears may be in the midst of striking a much more painful blow. In
addition to the obviously high share prices, Internet stocks have seen more than their fair share
of margin buying, and that makes their shareholders even more sensitive to rising interest rates. If this sector does not form a solid support
level and begin a rebound before the U.S. Fed moves interest rates higher (next month or next fall), we could see a calamitous plunge in the
Internet issues that could wreak havoc in equity markets around the globe. "

Steve
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