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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Mark Bartlett who wrote (20367)	10/1/1998 10:12:00 PM
From: waldo	Read Replies (1) of 116845

Kaplan on Gold: RECESSION is almost certainly where we are heading over the next several months in the U.S., as the evidence builds gradually but conclusively. The yield on the 30-year U.S. Treasury is lower than the discount rate, 4.90% vs. 5.00%. The stock market has declined moderately, which often precedes a recession. The premium of platinum over gold has dropped from more than 40% in the summer of 1997 to less than 20% currently, which much of the drop occurring in recent weeks. Since platinum is more heavily used as an industrial metal than is gold, an economic contraction tends to depress platinum's price relative to the yellow metal. goldminingoutlook.com W

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