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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Karen E Hoof who wrote (16342)	8/22/1998 7:14:00 AM
From: Bobby Yellin	Read Replies (2) of 116786

good morning: I agree that the housing is now in bubble phase..in NYC it has gone beyond the tulip phase..is there something called the ludicrous phase? I think one of the brokerages is going to build a highraiser in midtown NYC if I got that right..I think that should mark the very top..the most powerful indicator.. but..I mentioned housing starts strength because I may naively have thought that would indicate further domestic strength for a while at least..workers have to build them and they have to be supplied with more applicances and furnishing since the US's debt and trade deficit are massive and growing everyday it would seem that the government doesn't want to cool off our economy and will continue to initiate policies to keep the ball rolling re capital gains.. I think a lot of the new gained wealth is in nontaxable iras etc..so a switch to money markets would be easy and no capital gains would be paid term I think investors who follow certain market timers who for the first time in years have said get out will.. a lot of trading has been going in this bull market as evidenced by the rotational corrections so a lot of capital gains have been taken all along the way by mutual funds.. re the weather in the past while nature has really played a part in this market... now the massive flooding in China will probably have some impact on commodities.. ie our farmers appear to be losing money hand over fist..am waiting to read more and more how the US government will send more and more food supplies to "help" Chinese people but at same time help "bailout" farmers who they have helped destroy by having a "global market".. re chicken farmers.. heard,I think,that 40 percent of our poultry has been exported to Russia..now that the people in Russia might create their own revolution since food sounds scarer and scarer..wonder if USA will start subsidizing the poultry farmers here by sending food aid to Russia to help prevent some nuclear confrontation down the road El Nino appeared to help big time the meltdown in oil prices which in turn helped bring the currency crises to a faster implosion..with the opposite of El Nino..won't that help bring a faster recovery Heard Hanke from John Hopkins say Rubin is off in his thinking how quickly South East Asia will recover..Rubin says two years..Hanke says five re deflation: I have not yet noticed any services getting lowered in price..health insurance,cable,telephone,lawyers,vet bills.. I find it ludicrous when people say how high return of interest rates are..when basic necessities keep on going up.. I have not noticed *housing,* costs going down except for when people are financing their mortgages..I dont know the rate of decrease or increase of property taxes.. I also question as rents at least in my area are going up up and away how merchants can lower prices of goods while their lease rates go up.. movie tickets here are now $8.75.. interesting times can't wait to see how you will educate me this time :) take care bobby

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