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

To: Bobby Yellin who wrote (41027)	9/27/1999 8:02:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116927

<<entering a recession>> Please excuse this, But where the hell have you been? The US Manufacturing sector has been in, at the very least, the most severe recession in a very long time, with the natural resource sector in a absolute DEPRESSION! When Clinton released the Strategic Petroleum Reserves, he helped some areas and KILLED others! Friends of mine had jobs in Texas taken and saw the jobs given away to NY bankers & brokers. I met a driller from HM working in a 7-11 - & happy to get 30 hours at $7.50, far down from his prior $22.40 an hr. Yes, over time we will see some "adjustment" of valuations in the DOT index. There will be pain associated with this adjustment. Only a week ago, I overheard a 19 (or so) year old manager of a McDonalds who was shorting the Price of Gold & rubbing the nose of one of his employees(an ex-employee of Echo Bay)in it. That kid manager may lose his brand new Mustang this week. At the very least he'll need to dump some of his McDonalds holdings. The "sure thing" has been to short gold. The sure thing has changed. Bobby, It's been ugly out here, in these "best of times".