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Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: MikeyB who wrote (1383)	9/24/1998 5:28:00 PM
From: Thomas P. Talbot	Respond to of 1706

The problems in the US arise if the financial markets deteriorate as unemployment and underemployment will soar. This will create fiscal strains and political problems which could undermine the dollar and help gold. This would be a terrible scenario for US economy. The nation becoming too dependent on the service/financial sector has made this result inevitable, the only question is how it plays out and how long it plays out. This Hedge fund bailout of a fund which is leveraged and run by Nobel economists and A FORMER FED guy David Mullins make Clinton's problems pale. Socialism for the investor. It just shows the market humiliates everyone and thus has a true natural egalitarian sense to it.The Socialism will not work but make matters worse by encouraging a further mis allocation of resources to the Wall St people who were hurt. I am really happy we do not practice crony capitalism in the US. Cheers All