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To: Don Green who wrote (20399)	10/2/1998 8:43:00 AM
From: The Street	Read Replies (1) \| Respond to of 116779

I think this rally shows where money will go in a US $ crisis. Don, you tell me-- where will money go when the US $ is in trouble? (Actually, in more trouble-- it is already bankrupt...)

To: Don Green who wrote (20399)	10/2/1998 8:53:00 AM
From: Stephen O	Respond to of 116779

Exactly - Gold is not the investment of choice for the masses. That is why it is low but it will become the investment of choice and when the majority of people are feeding on gold and gold stocks we will be sellers. You know Buy Low Sell High

To: Don Green who wrote (20399)	10/2/1998 9:59:00 AM
From: bobby beara	Respond to of 116779

No, I also do not feel Gold is the investment of choice. If it was it would be MUCH higher than it is.. Don, have you ever heard of buy low - sell high -g- This is a buying opportunity in an irrationally oversold monetary asset and in reverse the $USD is reversing the trend of being irrationally overbought. Extremes like these are GOLDEN opportunities -g- to those who understand that all trends revert to the mean. bb

To: Don Green who wrote (20399)	10/2/1998 10:29:00 AM
From: long-gone	Respond to of 116779

don, OK, even you agree the US and the US dollar is in trouble going forward. What would be your currency of choice? rh

To: Don Green who wrote (20399)	10/2/1998 9:16:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116779

Retailer stock slide signals fear of U.S. slowdown 05:57 p.m Oct 02, 1998 Eastern By Huw Jones NEW YORK(Reuters) - Investor fear of a looming slowdown in consumer spending has taken the steam out of Wall Street's once-solid top-name retail stocks, draining the energy from the core of America's historic bull run. As overseas financial turmoil erodes profits of the blue chip companies that do business abroad, the retail sector sell-off is a taste of what could be in store for the United States. ''To me it means investors are saying they expect a recession in 1999,'' said Sam Stovall, chief market strategist at Standard & Poor's. Retail stocks are a leading indicator of whether the economy is slowing into recession, said Barry Hyman, market strategist at Ehrenkrantz, King Nussbaum. ''It's clearly pointing to a pretty severe economic slowdown,'' Hyman said. ''It's quite disturbing. The wealth effect has slowed down or ended,'' Hyman added, referring to the feel-good factor that was felt among consumers when the stock market kept powering to new highs. On Thursday, Morgan Stanley Dean Witter cut its stock ratings on nine leading retailers, including blue chip Sears, Roebuck and Co. , due to recent retail sales weakness, concerns about the fourth quarter holiday season, tougher first-half 1999 earnings comparisons and worries about potential recession. Not even the cast-iron expecation that the Federal Reserve will ease rates further before the end of the year has reassured investors despite long-term interest rates plunging to record lows. The stocks of leading stores such as Wal-Mart Stores Co. Home Depot Inc. and Federated Department Stores Inc. have taken a beating along with the broader market as investors worry that the Federal Reserve's widely expected one-quarter of a percentage cut in interest rates Tuesday was too little and too late to fend off weaker growth. Still, Wal-Mart's stock remains sharply higher for the year. It closed at $55.44 Friday, well down from $61.94 last Friday, but up from $39.375 on Jan. 2. ''What we have seen in this last week is a change in perception that has filtered down to the entire retail group, as opposed to leaving a few of the more elite retailers unscathed,'' said Donald Spindel, a retail analyst at A.G. Edwards. ''What may have happened is there is a growing concern among investors that the reason the Fed cut rates was to avoid a major slowdown in the U.S. economy,'' Spindel added. On Tuesday, the Conference Board said U.S. consumer confidence fell to 126 in September from a revised 133.1 in August. It was the largest monthly drop since a 7.9-point drop in January. Further signs of such a slowdown came Friday when the Labor Department reported nonfarm payrolls rose just 69,000 in September, less than half the amount forecast by economists. Unemployment also crept up to 4.6 percent from 4.5 percent in August. Retailer profits have been among the best of all the industry sectors, and are still expected to outperform most of the other industry sectors in the third quarter. The Standard & Poor's index of retail stocks fell 10 percent in the first four days of this week as heavyweights such as Wal-Mart headed south. But unlike the stock market indices such as the Dow Jones industrial average and the S&P500 index, which are down for the year, the retail index is still up 11 percent, Spindel said there is already a worry that retail sales in September slowed, but he is confident that Wal-Mart would buck such a trend. Copyright 1998 Reuters Limited.