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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (39072)	8/16/1999 12:22:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116997

DoubleD, You'd be surprised what Congress will agree to if it comes down to seeing their larger voter base losing jobs because of a economic meltdown. But I don't see it becoming an issue as I'm not overly concerned (yet.. :0) that gold will take off. Given the likelihood of Y2K induced contraction of business overseas, gold may again come under pressure, especially should some of these Asian nations be forced to devalue as a result of Y2K contractions. A devaluation will only exacerbate the trend of imported deflation. One potential exception, as Rarebird and others have pointed out is the energy indices where it is difficult whether lower demand due to business contractions will take the edge off of any production disruptions. But no one knows when or if a financial panic will resume in Asian markets. The key to watch is the APEC summit set for September where participating nations will present some of their first conclusions as to their Y2K vulnerabilities and the steps they have taken to mitigate them. Regards, Ron