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

To: Albert V who wrote (22478)	11/1/1998 5:13:00 PM
From: Terry Rose	Read Replies (1) \| Respond to of 116768

Albert V, The flash alert that I previously posted was that 14 major banks and/or hedge funds had suffered severe financial losses and were in serious jeopardy. I made an error the alert was only 12 institutions. Why did it happen? Most likely they were involved in highly leveraged positions and on the wrong end of these trades during recent market volatility. I don't think that .25% rate cut solved the problem and only bought some time. The main reason I posted this was that LTCM was not the only casualty out there and it is my opinion that there is not enough crisis money to bailout everybody and prevent the fallout from this hedge fund meltdown. Also the analyst that brought this to my attention has a ratings service on U.S. banks and insurance companies and therefore I take his warning seriously. Terry,