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Gold/Mining/Energy : At a bottom now for gold?
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To: Eakole who wrote (985)12/4/1997 10:21:00 PM
From: David R. Schaller  Read Replies (1) of 1911
 
Eakole, Jim Grant of Grants Interest Rate Observer said that whats going on is a little like Economic Old Maid. No country wants to end up with the Old Maid (strong currency). For some reason Washington has offered to keep the old lady; thereby, simplfying the game for other countries. I'm sure that the oil producing countries would have it no other way, but many of our companies are going to find foreign competition impossible to deal with.

Regards, Dave
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