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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.34

+3.7%

Jan 5 4:00 PM EST

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To: Crimson Ghost who wrote (49486)	2/22/2000 11:36:00 PM
From: lorne	of 116842

OT. Mutual funds' cash reserves at 27-year low Monday, February 21, 2000 " As recently as autumn 1990, when stocks tumbled in advance of the Gulf War, ICI data showed cash reserves as high as 12.9 percent. They've been in a steady decline since, eventually coming at yearend 1999 to their lowest level since they stood at 4.2 percent in December 1972 -- just before a two-year bear market." " By pumping money into the financial system when stocks ran into trouble in 1987 and again in 1998, Chairman Alan Greenspan of the Federal Reserve "has demonstrated to investors that he will, when required, lower interest rates and provide liquidity to support the stock markets," Gross said in a recent commentary." Full story >>> seattlep-i.com

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