just noticed a one year old article

watso was just doing a search for something, and a link to an article in kitco turned up. the article was dated sept 4, 2007.

gold at the time was $673, and the HUI was at 324. the article lamented that gold shares were trading as if gold was priced at $550.

the price of gold is now $750, and the hui has halved in value ??????????

http://www.kitco.com/ind/Hommelberg/sep042007.html


the following warning was made on sept1, last year

Feldstein Warns of Recession, Makes Case for Rate Cut

Sept. 1 (Bloomberg) -- Harvard University economist Martin Feldstein said the U.S. housing-market recession threatens to sink the broader economy, and the Federal Reserve can cut interest rates without abandoning its goal of price stability.

"The economy could suffer a very serious downturn,'' Feldstein, president of the group that dates U.S. recessions, told a Fed conference in Jackson Hole, Wyoming. "A sharp reduction in the interest rate, in addition to a vigorous lender-of-last-resort policy, would attenuate that very bad outcome.''