Word: old
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Dates: during 1970-1979
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...Drummer Kenny Jones hit the downbeat. John Entwistle ran out a bass line as strong as a backbone. Roger Daltrey strutted and sang, and Pete Townshend, leaping, launched them all into Substitute. At that opening moment last week, The Who set new standards, redeemed old promises and put a few ghosts to rest. These concerts may become not only one of the seminal rock events of 1979 but a route dynamited into the new decade...
...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 they can still sing "Hope I die before I get old" with passion and impunity. What a way to bring...
...most visible demand for gold is coming from the U.S. Newspaper ads urge readers to bring their gold heirlooms in to dealers; panning for gold along rivers is again a popular hobby, and old gold mines are being reopened. In Atlanta, dentists report that patients are asking for the return of their gold inlays after they have been replaced with crowns. Large crowds and ever ringing phones are making the normally sedate quarters of bullion dealers look like bookie joints...
What investors must also be alert to is the old saw that when the little guy starts buying, the smart money is already pulling out. Says Walter Perschke, president of Numisco, a Chicago gold brokerage house: "Everyone wants to get into the gold boat. What they do not realize is that when everyone gets in, the boat sinks." If a great many large investors move to take their profits, the sinking could be rapid. Although there is no evidence of this happening yet, smaller investors who are unable to sell quickly could find that gold fever is not only contagious...
...were several cronies from his 32 years at Ford. J. Paul Bergmoser, 63, former purchasing vice president at Ford, takes over as president; the new executive vice president for finance is Gerald Greenwald, 44, once president of Ford's Venezuelan subsidiary. With most of the old Chrysler management replaced, a Ford engine now powers Chrysler...