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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

Feb 6 4:00 PM EST

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To: Rarebird who wrote (39760)	8/30/1999 8:07:00 AM
From: Bobby Yellin	Read Replies (1) of 116972

I just wish these articles would address issues such as average worker salary etc. I heard on news that average factory worker's salary was below $30,000 whereas ceo's salary of top 300 corporations jumped a staggering over 400 percent..(sorry can't remember exact time frame)..Have read how there are so very many working poor. The distribution of wealth thanks to Greenspan and rubin has created a monster in the ofting.. What is the unemployment rate in NY 6.6 percent? I haven't been able to find how many workers don't have benefits.. that should cut big time into discretionary spending.. Again I haven't seen any articles discussing the trade deficit in terms of how much corporations spend abroad for cheap labor and parts and then sell their products here for nice profits.. geez..at my local CVS..I can buy a phone for 7.98,lamps for 9.98 and 5.98,speakers for 9.99 etc all made in china.. CVS doesn't even have to advertise..it is mind boggling their buying power and cost saving to consumer..wonder how much they contribute to the trade deficit, how much they contribute to destroying competition who doesn't have the buying power. I am hoping when Salton releases its financials since at least my George Foreman grill was made in China, I might get some clue as to how much they contribute to the trade deficit and how much they make in profits as a result.. It would seem that major corporations have a big stake in the dollar although they also might have a trade off in wanting to make their products competitive around the world- don't worry..long I am extremely bullish on gold since so much of bubble economy is based on investing in financial instruments rather than on investing in companies

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