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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.88

+0.9%

Nov 18 4:00 PM EST

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To: PaulM who wrote (13425)	6/18/1998 6:55:00 PM
From: philv	Read Replies (1) of 116762

Paul: This posted on Kitco--Focusing on China. Rubin & Co. were probably toasting their success on influencing global equity markets, but there are still some very real fundamental problems. The link below is an article about China. I am sure the Administration, FRB, IMF etc. are acutely aware that events in the East can bring about a collapse in world economies, and will therefore stop at nothing to contain the problems. China & Japan now hold the key to world stability. kitcomm.com You will recall until very recently, most talking heads discounted the significance of Asian crisis on American economy, from the Pres. on down and including FRB statements. It is as if these people can "talk" reality out of existence. But then again, they have been successful so far. However the expansionist/debt-ridden policies of the past look ever more likely to demand redress in the near future. Phil

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