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To: Rarebird who wrote (73080)7/8/2001 10:12:09 PM
From: long-gone  Respond to of 116759
 
<<PS What is this most recession obsession with Ken Benes all about? Do you really think that his broken record has any impact whatsoever on the gold market? >>

1/1000 of 1% maybe? I just hate to see people publish false statements, don't you?

Of gold Vs. utility index, I'm not sure traditional indicators can be used, never before have there been statewide bankruptcies threatened in utility sector before nor has there been deregulation attempted in prior times. These may truly be "different this time" .... Utilities have changed greatly! Would you have even guessed 10-15 years ago at a bankruptcy filing by any US utility even those in CA? Would anyone have even guessed a growing state would have limited building of new generation plants?

I'd bet not 1 person in 15000 of even those inside the electric generation & transmission industry saw this $hit coming 10-15 years ago.