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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: T-Lo Greens who wrote (90515)	10/11/2002 4:46:37 AM
From: E. Charters	Read Replies (2) of 116811

So that is OK. But metals may be one of the sectors that survives the downward plunging Dow vector. In the 30's, admittedly a somewhat more raw industrial age, the sectors that boomed despite the busted economy were energy, precious metals, and auto and heavy manufacturing. We may find some parallels in this recession. It is said that Ontario gold mining helped propel Canada out of the depression of the 30's. Canada can benefit from this sort of synergy as almost 11% of Canadians used to work in mines, metals and related industries. (circa only 1975.) The States cannot depend on this sort of economic lever as its economy is much more vulnerable across the board. None of its trade escapes the wrath of economic slowdown. EC<:-}

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