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To: Alex who wrote (10798)4/27/1998 6:44:00 PM
From: Enigma  Respond to of 116764
 
To all - Kitco seems to be quite inaccurate today - shows gold down a couple of dollars at the close. Not so according to CBS, and that other site - posted y'day which showed July gold down 70cents??
Any comments?



To: Alex who wrote (10798)4/27/1998 7:37:00 PM
From: PaulM  Respond to of 116764
 
Alex. Nice article. Possibly even more interesting, that 90 P/E does not, I believe, include companies making nothing at all. Which the Nasdaq is full of.

The behavior of the Nasdaq is an excellent reason to believe that real interest rates are lower than the numbers say (i.e., inflation is higher).


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