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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: Enigma who wrote (40227)	9/13/1999 6:44:00 AM
From: long-gone	Read Replies (2) of 116760

On to other things, We keep hearing the same quote in regards to the PPI & CPI "discounting the food & energy sectors". In an economy so deeply service related, as the US is currently, how can we overlook cost increases in food and energy prices? How much of our overall economy is related to direct service? If MCD & every other the resturant sector had to pay more for "materials" beef, bread, pork... If people can't afford to take the plane or drive as often due to fuel costs what about the hotel stocks? The theme parks? The cruise lines? The gaming stocks? (the last two taking a double hit when food & fuel go up). If all these industries earn far lesser profits from higher costs, should they be awarded high P/E's? Can the investing public continue to ignore cost increases in CRB & non-CRB food & fuel items as profits are impacted?

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