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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (75228)	2/4/2000 9:50:00 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 132070

MB - www3.techstocks.com "...Because of the lengthy gold bear market, exacerbated by hedging and short selling, shares of gold mining companies, not surprisingly, have ranked among the worst performers over the last twenty years. The global market capitalization of the industry is less than $50 billion. The market cap of one high tech company, Qualcomm, has gained and then lost this amount in the last six weeks..." "...The world is not awash in gold, it is awash in dollars. The run rate of the US trade deficit exceeds $300 billion per year. 40% of US debt is now held by foreigners. Interest rates are in a rising pattern across the yield curve. The monetary base grew at the highest rate in 50 years during the fourth quarter of 1999. While inflation numbers as measured by the Labor Departments PPI and CPI still appear tame, the precursors of higher inflation numbers are impossible to ignore for anyone not caught up in market mania..." Regards, Don