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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

Nov 19 4:00 PM EST

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To: RagTimeBand who wrote (22394)	10/30/1998 3:16:00 AM
From: Ron Everest	Read Replies (1) of 116762

Emory, thanks for posting this article on Y2K and Banking issues, <<<Bank Experts Are Nervous...Maybe You Should Be, Too >>> Strangely, they are not focused on their primary risk of not completing their Y2K preparations, that being preservation of their LIQUIDITY. It doesn't take much imagination to see their deposits going south if they are not compliant soon, which means that they will have to replace those southward bound funds with borrowings IF they can find borrowings and then their costs go through the roof AND/OR, they will be either under supervision or shut down. Best regards, Ron E

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