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Gold/Mining/Energy : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (1597)	11/15/2000 1:39:33 PM
From: Ron Struthers	Read Replies (1) \| Respond to of 4409

<<Inflation is just around the corner>> Wayne it is interesting the reasons we hear on how high oil prices will not matter this time, the new economy, oil consumption is such a smaller part of U.S. GDP. What really happened was NG replaced a lot of oil consumption, its use has doubled or tripled, the problem is NG prices have doubled and tripled as well just like oil I think inflation is already here, it does not show up in CPI or PPI because these calculations have been changed, energy makes up less than 10% of CPI now, I believe 6%. Computers make up 20% or more and as we know these keep dropping in price relative to performance. This is how the U.S. reports little inflation in the numbers. The reality is, that corporations are facing higher costs and earnings are dropping, consumers are spending way more on energy than the CPI 6% weighting, so they have cut purchases else where, why retail stocks have been hammered. Sooner or later the inflation game will be figured out and gold and silver will go higher. We will be happy holding BAY then Ron