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Gold/Mining/Energy : Gold Price Monitor

GDXJ 150.31

+2.0%

Jan 28 4:00 PM EST

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To: JOSEPH RASPANTE who wrote (2445)	10/25/1997 8:28:00 AM
From: Bobby Yellin	Read Replies (2) of 116927

I agree that it appears that the governments are acting in a concerted effort..I find it incredibly amusing that the Swiss are threatening to sell an asset more important to them than their clocks or chocolate..why could anybody want to put their money in swiss banks after this one..also now that a lot of people around the world are wondering about the Swiss's "neutral" position during World World Two and how much they profitted from the war... Also as US bond rates go down and the meltdown in SE Asia will add more deflationary tendencies..the people living on fixed income here and social security are quickly headed for poverty status..no inflation..guess I shouldn't look at what is happening to real estate, food prices,health costs,transportation,theatre(live and movie) tickets,telephone costs,private schools,sneakers but definitely not interest rates and "precious" metals..I am beginning to understand the term "gold bugs"..means we can get squoooooshed(sp)... I guess I understand now that people say gold won't come back until there is inflation...I guess it would be worldwide inflation and there would be no bond or stock market to run to.... (also I don't know what the implications for so many people throwing away so much money on beepers,cellular phones etc it is like descretionary money is being throw at vaporware and does not add to the productivity of the country...just the acceleration ..like rats running on a speeded up conveyor belt in a maze..what am I missing?

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