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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Bobby Yellin who wrote (11453)	5/9/1998 2:49:00 PM
From: PaulM	Read Replies (1) of 116833

About y2k, ask any cobol programmer whether their y2k fix will work: "we'll find out in a couple of years" is the response. It will create plenty of work and cause lots of delays. Very messy. BUT, I think it's relatively easy to prevent the disaster scenarios people are envisioning. IMO it shouldn't affect POG unless physical buying overbrudens already distorted market. And, just based on my own knowledge of computing/programming, it seems to me that what's common about systems in need of Y2k solutions is easy to fix. It's the system specific stuff (the testing necessary with respect to that particular spaghetti that's developed over many years) that's hard. So I can't imagine a magic fix supplied by one co. IMO very few "pure" y2k plays will live up to valuation. Most of the work will be done by the same consulting firms, same consultants or (in the case of hardware) same suppliers that already lead their respective industries. P.S. But I work with lots of inventors, cs and ee types who think that y2k will hit like "an iceberg." I work with some that do not.

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