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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST
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To: Ahda who wrote (13644)6/23/1998 10:30:00 AM
From: John Lacelle  Read Replies (2) of 116874
 
Darleen,

I agree that we are looking to be
overbuilt soon. All of the signs
are flashing that overproduction is
starting to breed recession. I think
that one of the strongest indicators
is that of Intel (INTC), which keeps
saying that there is not enough demand
for their chips. Scary. Intel was
one of the Juggernaut companies of the
1990's expansion.

Your real-estate example is important.
I think we will start seeing a downturn
soon as the money starts drying up. As
for the Union people, I never understand
why companies like GM don't give their
employees stock option plans. Nobody
would ever vote to strike if they were
in the money on their stock options. Its
just an example of the old style of busi-
ness vs the new. If this strike continues
for a month, I bet the economy will start
slowing down just because of the strike.
GM is actually a gigantic portion of the
US economy.

Back on topic, does anyone think gold is
still a good hedge investment? I was
starting to investigate gold stocks as
a hedge about 1 year ago. I saw an ana-
ylist on CNBC tout Pegusus Gold (PGU) on
the AMEX. Recently, that baby just fell
to zero! That scared me. Maby silver is
a better metal to own...Buffett likes it.

What do you think?

-John
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