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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (28924)	6/10/1998 4:28:00 PM
From: geewiz	Read Replies (2) \| Respond to of 132070

All GTW Bears, biz.yahoo.com Mckittrick said "the program(your ware) has the potential to double GTW's gross margin dollar per sale" unbelievable!!! best, art

To: Mike M2 who wrote (28924)	6/10/1998 5:24:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Mike, that Will is a heck of guy. As I said in one of my letters to Barron's last year, I will start wearing a hard hat when pigs fly, because I don't want a really bad hair day. <G> MB

To: Mike M2 who wrote (28924)	6/10/1998 5:37:00 PM
From: Joseph G.	Read Replies (1) \| Respond to of 132070

The problem is, this guy Vronsky is full of sh8t. He writes : <<There are rationale leading to a logical conclusion that DELATION is indeed bullish for gold mining stocks. The effects of the 1929 CRASH caused a sustained contraction of credit and money supply, which resulted in a growing universal suspicion of institutional credit-worthiness. that eventually extended to governments and to their fiat currencies. As institutional credit-worthiness evaporated, investors fled paper currencies (even US Treasuries), and ran to the only money which was (and remains) NOT a liability of anyone, and therefore not subject to default: GOLD>> All this is pure BS and verbal garbage. Reality was, the government (FDR) raised price of gold from under $21 to $35, trying to induce inflation, so that gold miners sold their output to the government (US citizens were prohibited to hold gold after 1933), while mining expenses in $ terms went down, due to general deflation and high unemployment. Thus, miners' profit margins went to the sky because of the government action, not because demand for gold increased. Again, it was illegal to hold gold for citizens, and they even had to surrender whatever they had before 1932.