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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: d:oug who wrote (62306)	12/31/2000 9:49:25 PM
From: d:oug	Read Replies (3) of 116764

Republican Party NewYear Resolution = Crash USA Economy before 1/20/01 From: Bill Bonner Date: Sun Dec 31, 2000 Subject: Wall Street's Humbling Year The Daily Reckoning final Weekend Edition in 2000 December 30-31, 2000 Waterloo, New Hampshire By Addison Wiggin egroups.com ... where's Abby C. When You Need Her? The Inverted Yield Curve Takes No Prisoners - from Gary North's Remnant Review: "...George W. Bush is now walking straight into a financial disaster that is not of his own making ... will be called the "Bush II Recession." It will be a replay of his father's first (and last) term . . . only worse. There is one major factor that points to a recession in 2001. The press is not talking about it... The boom-popping needle has appeared... Bush is going to get blamed for this... It won't be Bush's fault, but politics is merciless... The recession has been programmed. It will pop the financial bubble. What is this boom-popping needle? It's called the inverted yield curve. ... a yield curve is a graph that compares interest rates on debt instruments of varying maturity dates: short to long. ... today, the entire yield curve is inverted. It is the most grotesquely lopsided yield curve that I have seen in over 20 years. It is unprecedented. My forecast is that the Treasury yield curve will become fully inverted in August 2001. If that comes true then you can be nearly certain that just as night follows day ... the next recession will arrive in 2002. How accurate has this indicator been in the past? It is the most accurate recession-forecasting indicator there is. ... investors refuse to see what's coming. ... the inverted yield curve takes no prisoners." Impressive work. Have a happy 2001, Addison Wiggin, The Daily Reckoning P.S. If you want to see more on Gary's analysis of what could derail the economy click here: If you'd like, please e-mail this issue of the Weekend Edition of the Daily Reckon Josh Wright, egroups's GoldWorldNet Moderator egroups.com

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