GOLD: WHAT IF IT IS NOW JUST A COMMODITY? Message Board

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Gold/Mining/Energy : GOLD: WHAT IF IT IS NOW JUST A COMMODITY?

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To: MUDMAN who wrote (15)	11/13/1997 6:47:00 AM
From: Bobby Yellin	Read Replies (1) of 22

a friend asked yesterday about the long term bond and thought it was really safe..I told her short term is the safest...even if Greenspan were to tighten...I think all is out of his control.unless one wants to say that the stockmarket is what is controlling the economy?(at this point it just might be...s c a r e y.....paper controlling paper .I have repeatedly read that this job creation from this recovery has been small businesses..geez..haven't seen the numbers yet for all the internet start up companies...haven't seen the percentages of employees of big corporations versus little ones and change of percentage compared to past years... A lot of these start up companies probably borrow money from relatives since banks etc won't take the risk..how would that be effected if borrowing rates were raised? only corporations would seem to be effected..(cutting into their earnings with higher rates--where so much of the improvement in earnings have come from rather than from technology..unless technology means hire cheap foreign labor and have better means of tracking them) also if people were interested in growth for retirement..wouldn't people prefer the emerging markets now that they have gotten so slammed rather than the loftly US market? (I am not being rhetorical I really want to know what other people think so I can correct my thinking that tends to run way too contrary for my own good) yesterday in the NYT's they had some wage comparisions and unemployment comparisions among us and europe etc..saw that the US for production workers was 17.74 for 37.9 average hours...how much in salary is that? wow high school students here can make ten dollars an hour take home from babysitting.. everything is going up..substantially more than average wages I believe so something has to give..heard that they might try to raise ss age retirement to close to 70 years old.. re Productivity..when I was a programmer one didn't need all these trainers and answer desks and layers and layers and layers of people.. true telecommunications wasn't full blown..internet was petit etc.. I think most of us have gotten bogged down by information overload.. a lot of wasted time waiting for options on voice mail messages..wonder how quickly people type..(I type quickly but would think the internet and intranets would be nightmares if I were a slow typist or slow reader)... sorry this is a lot garbled..but I guess I see things differently except about gold..does seem "dead in the water - at best"..maybe you are right about severe drop...remember that happened to oil..when it hit made that short term huge plunge and most people were still afraid to buy it..then up up and away...(talk about psychology) where were all the analysts when oil rigs stocks etc were so very cheap...when the world was awash with oil...what a "difference a day makes"...what a game these markets are..before I thought it was fundamentals..now I think short term it is perception that can change fundamentals...now when I hear all the people pushing oil service stocks..I think boy follow the herd..before I thought wow..what is the trap? bobby

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