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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: long-gone who wrote (29098)	2/26/1999 5:49:00 PM
From: John Hunt	Read Replies (1) of 116762

Y2K Stockpiling May Fuel GDP In Late '99, Dim 2000 << Whether or not the Millennium Bug cripples the world's computers next New Year's Day, it has already altered U.S. economic forecasts, raising growth expectations for late 1999 and dimming them for 2000. ''I think there will be some stockpiling and some inventory building and some hoarding'' of consumer products and raw materials, said David Blitzer, chief economist at Standard & Poor's. ''That leads to almost a miniature economic cycle in the last two quarters of 1999 and very slow growth in the first quarter of the Year 2000.'' -- cont'd -- >> dailynews.yahoo.com Looks like your CYA theory of inventory management is taking shape.

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