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Strategies & Market Trends : Ask DrBob

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To: Louis V. Lambrecht who wrote (59067)	5/8/2002 10:23:34 AM
From: stan_hughes	of 100058

LVL - I keep saying it, truth is stranger than fiction. The funniest part about the Moody's rumor is that the report went on to point out that if Japan was downgraded those 2 notches, it would be on par with Botswana. No wonder the contrarians finally want to buy the Nikkei, things can't get much worse than your economy being compared to Botswana. Anyways, the bottom line is that gold is not going down per se, just that the US dollar is going up courtesy of a temporary capital rush away from Japan in an attempt to avoid the downgrade risk. Gold is just getting sideswiped in the process - we all know it won't last.

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