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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (14113)	11/12/1997 8:19:00 PM
From: Al Serrao	Respond to of 50167

Steve, I don't follow money flows closely. but the recent reports on CNBC were positive for the last week and last month. One thing that found most interesting, despite a big down month for October the IPO market was red hot with would you beleive 15 Billion issued last month??? I find that hard to beleive but thats what a young lady reported on CNBC. I don't beleive Gold is an industrial commodity its still too expensive compared to other substitutes like sliver, etc. The problem with gold is everyone who is a major producer is broke so they are always selling it. More importantly, with the end of the cold war the U. S. is king and so is the dollar. No investors want it since there are other inflation hedges. But, the point I want to make is you cannot ignor this monetary standard because it has a habit of being a leader. And right now its not looking pretty. I know the Fed watches the price of Gold to keep an eye on inflation. I bet they are watching it closely now to see if there are any indications of this thing getting out of hand. If so, we may see the Fed move quickly and surprise surprise drop interest rates! This would help keep a lid on the dollar and slow down the flight to quality. Regards.