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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (11475)	12/14/1997 8:03:00 PM
From: Bonnie Bear	Read Replies (2) of 18056

I don't know, Zeev. The big banks and american companies have treated asia like serfs, using this as an opportunity to buy up assets on the cheap and place blame for financial problems on asian nations. If asia, or a large part of asia, becomes anti-American, the backlash will not be pretty. Regarding gold, China and Russia and much of Europe have made it quite clear that they have no interest in abandoning their gold, and it is China and Russia that actually control a majority of the world's natural resources, including three thousand years of trading ties to Africa and the mideast. I have been hearing the $280 number for gold for two years now as a reversal bottom. And here we are. Remember, people sell assets when they need the money. Countries have sold gold because they are in debt. I don't see the dow going to 2000, but I can imagine it will be stuck in a 6xxx trading range for many years.

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