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Gold/Mining/Energy : Gold Price Monitor

GDXJ 119.96

+2.0%

Dec 22 4:00 PM EST

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To: Pete Young who wrote (11937)	5/20/1998 12:10:00 AM
From: bobby beara	Read Replies (2) of 116820

Pete, I have the same observations as you. It is a narrow band of people that are benifitting from this "wonderful economy" and most are holding on for dear life with the extended credit given by banks to further fuel their earnings to please wall st. The technology workers hold a similar prestige and earnings level to the auto workers of the 20's Even Bill Gates net worth on a constant dollar basis is similar to Henry Ford's. South African Mining stocks were the best performing group of stocks in the 30's. I expect gold to perform even much better now than in the 30's, because I see a gold backed EURO putting big pressure on a slothly dollar which has been grazing on the fat of the land too long and has forgotten about slaughter houses -g- Govt finances holding together?, backed by the full faith and credit of Bill Clinton. That one to ponder -g-

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