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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: long-gone who wrote (14484)	7/14/1998 11:29:00 AM
From: Little Joe	Read Replies (2) of 116768

In this case what appears as news of a weak economy may not be at all. I have a friend who is a bankruptcy clerk and she believes that when times are goood and credit is expanding the banks and cc companies start lending to marginal borrowers i.e. people who have a history of filing for bankruptcy or bad credit records. A significant either can't pay or won't pay and many have learned to run up the bill and then file bankruptcy. It used to be that repeat filers in bankruptcy were few and now it is quite common. My point is that while this may be evidence of stupid lenders, it is not necessarily evidence of a weak economy. Live long and prosper, Little joe

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