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To: pater tenebrarum who wrote (81153)	3/15/2001 7:44:59 PM
From: Sam Sara	Read Replies (2) \| Respond to of 436258

Heinz, you have probably addressed this in past, but did the fed not drop rates repeatedly in the aftermath of the 29 crash? Was this action too little too late, or is further decline now inevitable, even if rates drop- argument of weakening dollar, foreign investment leaving dollar-denominated assets? Was there a parallel in 1929?

To: pater tenebrarum who wrote (81153)	3/15/2001 7:46:34 PM
From: parcival	Read Replies (3) \| Respond to of 436258

Heinz, I am in need of some consoling re my pitiful gold holdings. I am at a loss to understand how last thursday I am watching NEM break out to $19.25 and enjoying euphoric feelings of gratification, only to view a mere 5 days later a total collapse of that pathetic stock. What is your take on this whole gold thing right now? Do you see $200/oz within 3 mos? thx parcival

To: pater tenebrarum who wrote (81153)	3/15/2001 10:39:42 PM
From: smallcapmaven	Read Replies (1) \| Respond to of 436258

Heinz clearly there were many of us that knew that the rate hikes were excessive last year...The fact remains that there was overborrowing due to the Y2K fear but the lasck of action to soften the blow was untenable...Just as in 1929 there may be many rate cuts now but they are too late to change fate...Quite simply there will be massive bankruptcies in the next year that will overwhelm the banking sector...JMO!!!