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

To: lorne who wrote (3143)11/14/1997 1:34:00 PM
From: John Barendrecht  Read Replies (2) | Respond to of 116835
 
gold in London fell to its lowest level in nearly 13 years, battered by heavy fund selling.
biz.yahoo.com



To: lorne who wrote (3143)11/14/1997 2:37:00 PM
From: gregor  Read Replies (1) | Respond to of 116835
 
Dear Lorne :

What is your view on productivity.

I see where it grew @ the rate of 4.5% last qtr. This is one point that the gloom and doomers IMO are missing. If our productivity is increasing that quickly think of what it is doing in developing countries. It has to be growing faster than that.

I can see deflation caused by lack of demand , recession, or depression; however if it is caused by a supply of goods that is becoming less costly to produce then great. We have more discretional spending and standard of livings increase.
gregor



To: lorne who wrote (3143)11/14/1997 4:43:00 PM
From: Bucky Katt  Respond to of 116835
 
Lorne-- What, if anything did Faber have to say about gold?
He called the low in 1991 or 1992, I can't remember which year, but he was spot on.


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