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

To: Ahda who wrote (54538)	6/16/2000 4:56:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116837

Ron those that can put money into a retirement account let us clear that point up right now what about the numerous ones that can't. Darleen, I haven't been addressing those without IRA/401Ks.. etc. To paraphrase the big guy hisself, "the poor, you will always have among you". What I AM saying is that much of the bull market and outrageous valuations have been propelled by the constant amount of money finding its way into the market via pension funds..etc. That isn't going to end until some major event causes people to disdain even cash and start hoarding physical goods in anticipation of increasing prices. Credit card debt? If someone bought stock or is funding their retirement plan via their credit card, well what can we say. You reap what you sow. As for debts and options, I'm not sure exactly what you are referring to there, but suffice it to say, a lot of employee options are under water at this point and for companies will have either re-issue lower priced ones causing dilution, or revalue the ones already issued, creating a loss that will impact their earnings. As for the base cost of goods going up, I think with regard to gas, that is a temporary issue and the market will self-correct as new sources open up and refiners start making this new gasoline formulation. $2/gallon gas is CLEARLY THE FAULT of EPA policy, instituting a new standard without insuring that sufficient quantities of the new fuel were available to meet demand. Electricity? Well, blame de-regulation policy and the EPA again. No one wants to incur the cost of setting up coal-powered plants, and now the govt wants to tear down hydro-electric dams.. etc, etc,. Suffice it to say the demand could be met if only the govt would step aside. And I think AG has more input available to him than any of could dream of having in our hands. I won't criticize him until I've walked a mile in his shoes and read what he reads. But on the other hand... if people have less money for stocks, cars, electricity, gas... etc, that certainly means they will have less money to spend on gold jewelry and coins.. n'est pas? Regards, Ron