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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: John Mansfield who wrote (5418)	1/8/1998 2:06:00 PM
From: John Mansfield	Read Replies (1) of 116753

'Y2K is a hot topic on the Kitco gold discussion forum' Found on the news group comp.software.year-2000. Seems that I am the only one on this thread that sees some connection between POG and Y2K !? Any thoughts? IMO, Y2K will have drastic effects on stock markets. To me it is not clear what the effect on the POG will be. Regards, John --------- From T.Vincent Smith: Y2K is a hot topic on the Kitco gold discussion forum. Here are some sample postings from Jan 7. Join the fun at kitcomm.com Can you tell my post is the one from Y2Kbug? ----------------------------------------------------------------- FundaMETAList: From January 5, 1998 Federal Computer Week: "It's too late to concentrate on overall compliance of your information technology enterprise - the fact is, there will be problems and issues regardless of the strength of your overall approach and how long your plan has been in place. fcw.com I agree with you 100%. y2k will be the triggger. We will start having problems by spring 1999. Shek ----------------------------------------------------------------- Shek: It will probably be like a snowball type of thing. It will start with earnings being hurt here due to Y2K remediation and hurt there and then everywhere. I recently read somplace that the SEC is now requiring companies to make comments about their Y2K exposure, probably in their annual reports. The Y2K effect on earnings will be understated, of course, but it's going to open some eyes. I'm watching for two things: Articles on earnings hurt by Y2K remediation efforts and an increase in the awareness of this situation on this board by those that follow the stock market. All: Where did the news about the lowered earnings for those 3 US banks come from? Did someone hear that or read it? I have not been able to find any articles on the subject. I've personally seen CitiBank and BofA mentioned as banks having large exposure to Y2K and I'm wondering if the lowered earnings might be due, in part, to Y2K remediation efforts. fundaMETAList ----------------------------------------------------------------- FundaMETAList, Check out this article by Ed Yardeni. yardeni.com Shek ...

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