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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: Hawkmoon who wrote (51966)	4/26/2000 11:34:00 PM
From: GST	Read Replies (1) of 116762

RON <Asia is a different story as an historic recession in Japan produced little change. It isn't just Japan. It's China also. And I don't see how the economic malaise in those economies can be restructured without accepting some very harsh cultural and economic medicine. Merging banks ain't going to cut it.> Have to disagree on China -- the changes there are huge. I have been in China a number of times the past couple of years and I am astounded by the pace of change -- it seems real enough to me. I am not talking about construction and cranes etc -- I am talking about restructuring, unemployment, things getting shut down, labor unrest and on and on. They are not just talking change -- it seems to be happening. I don't think I can say the asme about Japan. There are signs of change, but lots of things are "same old". In Japan the big changes are inter-generational -- out of control kids in school, tons of women that hit 30 and are not married who say "to hell with it, I just am not going to get married" -- 20 something kids everywhere looking like a freakish offshoots of the 1960s in the US -- etc. Japan just seem lost and confused.

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