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

To: Ahda who wrote (59534)	10/8/2000 11:12:20 AM
From: Rarebird	Read Replies (1) \| Respond to of 116753

<Profits aren't going to go up but wages are.> All those rate hikes were bound to have an effect. In the end, you can't beat the Fed. Expect some easing if growth slows to 1.5% to 2%. That would have bullish implications for the equity market if growth slows down to that level. I take the XAU as an economic forecasting tool and it is clearly not forecasting a "hard landing" here. Gold loves recessions and "hard landings." This is a service economy, Darleen. There are a lot of individual Entrepreneurs running around during all hours of the day and many small businesses doing extremely well on the profit side. To me, the Bureau of Labor Statistics and all the Gov't stats are one big abstraction. The Fortune 500 and the companies that trade on the NYSE and NASDAQ are only one aspect of this economy.