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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: goldsnow who wrote (16432)	8/23/1998 1:31:00 PM
From: Gabriela Neri	Read Replies (2) of 116790

If you want a plausible explanation for the non-conspiracy of silence on the part of the 3 most influential economic policy setters(Rubin, Greenspan, and Summers), then read Paul Krugman's article in the latest issue of fortune(September 2, or something). There is a good explanation or presumption for this silence and it doesnt bode well at all for the current situation. As the article states, it is time for Plan B, because Plan A isnt working. Krugman's suggestion is probably the only alternative available and it makes sense. But, even he admits that the choices to deal with this Asian (and spreading) situation is a choice between the lesser of two evils, and the choices all suck. He estimates a five year minimum time frame until potential recovery. WOW!!!

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