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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: lorne who wrote (35378)	6/15/1999 8:57:00 AM
From: John Hunt	Read Replies (1) of 116759

'Do as I say, not as I do,' is the Fed line << In normal times the Fed could increase interest rates today as a precautionary measure and cut them again if demand falters. Today that is a high-risk strategy. If a rise in rates causes the stock market to crash, experience shows that cutting rates will not stop the economy from following. It is like another famous crash. All the Fed's horses and all the Fed's men cannot put Humpty Dumpty together again. >> thisislondon.co.uk ***** Morning Lorne, Sure would like to know what the changes to the LBMA rule book were ... Nothing on their site, I just checked. John PS - Did you get a response to your letter to the Canadian government about the gold sales? ... Just curious ... Answer by PM if you like.

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