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

To: Mark Bartlett who wrote (2941)	11/7/1997 12:00:00 PM
From: Alex	Read Replies (2) \| Respond to of 116830

Seems like Greenspan just can't make up his mind................ Unemployment rate in October sets new 24-year low ------------------------------------------------------------------------ WASHINGTON (AP) - The nation's unemployment rate sank to 4.7 percent in October, a new 24-year low, pushed down by robust job gains in a broad range of industries. Last month's seasonally adjusted rate of joblessness was the lowest since October 1973, when it was 4.6 percent, the Labor Department said today. Employers added 284,000 jobs to their payrolls and average hourly wages for non-supervisory jumped a strong 6 cents to a seasonally adjusted $12.41. Many of the new hires were women. October's 4 percent unemployment rate for adult women was the lowest since January 1970. The unexpectedly strong report was sure to raise new concerns about labor shortages. Before Southeast Asia's financial turmoil set off gyrations in U.S. financial markets, Federal Reserve Chairman Alan Greenspan had been warning tight labor markets could soon translate into an inflation-fueling acceleration in wage gains. Economists now are divided over whether the stock market drop and a predicted sharp decline in U.S. exports to Asia will slow economic growth enough to prevent labor markets from tightening further. Otherwise, the Federal Reserve will consider raising interest rates in December or early next year. The implications of the report for interest rates ruffled the bond market, which had been enjoying a rally as jittery investors bailed out of stock markets in Hong Kong, Japan and South Korea. The yield on the benchmark 30-year Treasury bond, which moves in the opposite direction to prices, jumped to 6.13 percent from a near 21-month low of 6.09 percent just before the report was released. Job growth in October was the third strongest of the year and significantly higher than the 239,000 monthly average since the end of last year. Manufacturing jobs jumped 54,000 - the largest gain in 7 1/2 years. Half the gain occurred in just two industries: industrial machinery and transportation equipment. Construction added 20,000 jobs, the most since May. Service businesses added more than 200,000 jobs, including an unusually large 18,000 gain in finance industries. Computer services added 15,000 jobs and engineering and management services gained 19,000. ''Taken together, these two small industries, which comprise only 4 percent of payroll employment, have accounted for one in nine of the jobs added in the past year,'' said Katharine G. Abraham, commissioner of the Bureau of Labor Statistics. In October, the unemployment rate for women 20 years and older showed a marked decline, to 4 percent from 4.4 percent, while the rate for adult men was unchanged at 4.1 percent. Teen-age unemployment feel to 15.3 percent from 16.7 percent. Among whites, the rate fell to 4.3 percent to 4.1 percent, and among blacks from 9.6 percent to 9.5 percent. Hispanic unemployment increased to 8 percent from 7.6 percent. Meanwhile, the average workweek for all private workers was unchanged at 34.5 hours in October while the average manufacturing workweek rose to 42 hours from 41.8.

To: Mark Bartlett who wrote (2941)	11/7/1997 12:09:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116830

MB, It should start with just one letter fromone voter to one congressman, one senator,& one president. You start the NASRGS I be a member. rh

To: Mark Bartlett who wrote (2941)	11/7/1997 12:45:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 116830

Re: fund manager request. <<If we write fund managers with a request that they put 5% in bullion, they will at least notice the letter. If 100 or 1000 people do the above, things will change. >> Mutual funds are bound by their published investment guidelines. If their investment objectives don't state bullion, they have no business buying it. For example, a growth stock fund should get sued by its shareholders if it goes 10% gold. A more practical approach is to ask fund companies to set up NEW mutal funds that follow a conservative diversified approach that includes some bullion. Then people would have more opportunities to balance risks of market crash. I bet some of these funds already exist. Try looking at fundsinteractive.com or quicken.com Vote with your dollars. Let free market forces prevail. Re: gold standard Let's start the North American Society for the Return to the Gold Standard* ..... somebody has to wake these people up. Also - buy some physical gold.* Lobbying for a gold currency standard will probably backfire. Best case, you get labeled as a "nutcase". Worst case, they listen to you, go back to the gold standard, and confiscate all your personal gold holdings as they did back in 1933. It is not unexpected for governments to want the ability to control their money supply. More practical approach -- lobby to further recognize this precious commodity as an "official unresticted" investment option. This will protect those of us who already see its value. Those who do not learn from history are doomed to repeat it.