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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: IngotWeTrust who wrote (11007)	4/30/1998 11:07:00 AM
From: philv	Read Replies (3) of 116762

O/49r: I know of someone who this week bought a "used" vehicle, a pick-up truck. They wanted $1,000 down on the $14,000 deal. This guy didn't have the money so they gave him the loan anyway for the full amount. I can remember when the standard used to be 30% down to protect the bank's position and for other reasons. There is a lot of money around looking for a home. A lot of money going to the equities. Wish some was going to gold! I read recently that Canada's government pension plan will begin to invest in the Canadian equity markets for greater returns. Can't recall the exact figure, but it will eventually amount to about 3 billion dollars/year. The article also stated that the US is moving in the same direction with their OAS. Perhaps someone can post the exact figures. They commented that this investment in the stock market wouldn't affect the market unduly as it represents a small fraction of the total. Lots of paper money looking for a home, looking for a return. Phil

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