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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Sergio R. Mejia who wrote (22513)	11/2/1998 7:07:00 PM
From: waldo	Read Replies (1) of 116762

>>My buddy Colin Negrych had this to say about the how the world works. "Businesses fail, and banks bail them out. Banks fail, and big banks bail them out. Big banks fail, and governments bail them out. Governments fail, and the IMF/World Bank bails them out. The IMF/World Bank fails, and the G8 bails them out. One of the G8 fails, one of the G7 bails it out. This process has been ongoing for decades and it is near its end. When the G7 fails, and it will, the bailouts will end. The worst financial/economic disaster of this century will follow." Well, I am certainly not rooting for Armageddon because that is something that none of us wants, but Colin's logic is hard to argue with. That's why I share all of this. If one is prepared for trouble when it hits, it doesn't hurt as much. It remains to be seen how bad the outcome of all this government intervention will be. We just need to be alert.<< stocksite.com W

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