Word: backe
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Dates: during 1970-1979
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...music/ Gazing at you I get the heat." Reverse the title of Who Are You, and the point comes clear; listen to Music Must Change, one of the album's best cuts, and Townshend's fusion of music and audience is complete: "Deep in the back of my mind is an unrealized sound ... Confirmed in the eyes of the kids/ Emphasized with their fists...
...tour is done now. In typically eccentric Who fashion, the concerts were staged only in the New York area, partly to plug a tough and raucous film version of Quadrophenia, Townshend's ambitious chronicle of the battles between the mods and the rockers in the back streets and beach resorts of 1960s Britain. Much more, though, the appearance seems like a testing of the waters that turned into a tidal wave. Word is that The Who will be back in the States come December, making a wider swing along the East Coast and through the Midwest, and demonstrating that...
...pushed the price of bullion up by a record $24 an oz. in just one day. Trading was so hectic that the normal 500-an-oz. spread between buying and selling prices widened at times to $5. Gold hit an all-time high of $380 in London before slipping back at week's end to $369-up nearly $40 in just 14 days and a staggering $164 in twelve months...
...selling coins, for example, dealers commonly add a charge amounting to 5% or more of the market price. Thus someone who bought a Krugerrand when gold was at $380 last week would have to wait for the price to hit $420 before he could sell and get his money back...
...traders sell dollars to buy marks and other currencies where they can earn a real return. This weakens the dollar. But if the Fed were to push U.S. interest rates another one-half of 1%, to 1% above the rate of inflation, it might lure some money back into greenbacks...