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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Alex who wrote (44587)	11/5/1999 1:24:00 AM
From: Dipsey	Read Replies (1) of 116814

Alex... OT Re: Mundell interview I am a merely a novice when it comes to the topical items expressed in this interview; except for those comments pertaining to the movement of ships. In the period 1988-98 I made 100 trips across "the pond" (Pacific Ocean) as Master of a large ocean-going container ship. Y2K, no Y2K; has no effect upon the arrival/departure of ships at a port. Every shipping company has a large chalk board to track arrival dates/times.... In the big scheme of things the numbers of ships arriving/departing is a very small number, excepting large ports such as Tokyo (and even there, co-ordination of entry/exit is quite flexible and accomplished through voice communications on VHF radio). True, most large ports do have computerized tracking systems in place....but, for the most part, they are self serving and ships would move quite nicely in their absence. When such a person as Mundell tosses out a conceptual idea as "Seaports depend almost wholly on computers to coordinate the schedules of ships coming in. If computers give false signals, there could be lot of confusion." it can only be to dissuade others from giving contrary argument as they do not know the true nature of the premise being presented. Inasmuch as Mundell presented this as an opening premise in this interview, and I can assure you it is blatantly false, what follows in his answers should also be highly suspect as to veracity. Back to lurking..... Regards...

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