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

To: Bobby Yellin who wrote (16286)	8/21/1998 9:30:00 AM
From: J. Nelson	Respond to of 116776

HI, Gold v/s White metals. Is it just me or can there be a collapse of many financial markets world wide. This would IMO. bring a flignt to any type of fixed securities or the hard metals. With Russian legislators asked to avert financial collapse. The fall of shares rumor in Creit Suisse of a loss from 500mm to 1.5 billion. Bankruptcy of the third largeest bank in Japan with 2 bil liabilites. Bombs from the US ! Would you not think that the countrys who stocked up on gold were doing so as a filght to fixed assets seeing the rim of the kettle as the problems began to flow from the pot.?. It seems that there will be a shift of protection and no Recession is in the air without layoffs. The start of them will flag a start and 2/3 way through the recessions will come a large rise in the total employed. Right now it's like the last days of the 29 run world wide just as the bad times for many world wide started. It was not just a recession of the good old U.S.A. at the time. I see there to be much concern over where this may go and when the white metals start moving up again we may be on the edge of that kettle flowing with the flee to fixed assets. Regards, Jim...

To: Bobby Yellin who wrote (16286)	8/21/1998 10:13:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116776

Just heard J. Rogers doggiong gold, as he thinks CB's will keep selling & the miners are doing a far better job. He simply has not done the math. He does not understand just how much money is in very questionable investments in this market (internet stocks?). a broker friends showed me numbers about two weeks ago that if 40-60% of these stocks moved to an even mix of metals stocks & bullion, we would be looking at gold over 370 & silver over 6.50. He suspected that we would also see much go to oil futures. rh