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To: Hawkmoon who wrote (39078)8/16/1999 12:43:00 AM
From: Enigma  Respond to of 116997
 
RR - I think you're going to have to get used to the fact that gold is going to go up - won't be easy for you I know. d



To: Hawkmoon who wrote (39078)8/16/1999 2:20:00 AM
From: C.K. Houston  Read Replies (1) | Respond to of 116997
 
United Press International Analysis
Y2K BUG OVERSHADOWS COMMODITIES TRADE

LONDON, Aug. 15 (UPI) - Commodity markets are living in fear of global disruption resulting from millennium bug problems that experts say won't be resolved this year because of the high cost of replacing embedded microchips.

In some cases, affected institutions may find it easier to rebuild than to replace production and distribution systems, adding yet unknown costs to trading of commodities, say London commodity traders.

Concern over the Y2K problem confronting the global commodity scene emerged in a World Bank report this month. A cautiously worded commentary in the bank's Global Commodities Report warned, "Regardless of whether the disruptions to occur are large or small, the anticipation of Y2K will lead to changes in consumer and producer behavior that could have significant impact on commodity markets."

The consequences could include hoarding, shortages and higher prices, the bank warned....
vny.com

Cheryl