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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: goldsnow who wrote (5606)	1/11/1998 7:05:00 AM
From: Bobby Yellin	Read Replies (2) of 116758

biz.yahoo.com want to guess what will be the repercussions if the Hong Kong dollar starts sliding badly? I am beginning to believe that shortly, everybody and their dog are going to put a very very positive spin to the Asian fallout.. it will mask the slow down in earnings of the big corporations and put the blame on external forces rather than internal weakness.. (tech stocks have led our market for a long term and since Microsoft isn't going to have a major product out soon,as before, techs will use whatever excuse to sell off until the next product launch.. unless Year2000 and not the Asian mess really cuts into corporate spending) Somebody might start staying that protectism is no longer a threat and the global world economy will truly be the world economy with no borders? Intuitively I would say this is great for gold and great for the market.. Asia will rise again and the IMF and central bankers will start losing their "revered"(a joke) status and gradually the world will start demanding some standard. Look what the Australian CB did, and now look what they are getting..Voters are going to have to start getting furious. If enough investors see meltdowns in real estate (is Hong Kong next?) as you said before, they will start realizing that the most beaten down asset class is probably the safest asset class to go up in the next few years. Noticed in Barron's that Ray Dalio who well respected thinks the Asian crisis is much worse.. (heard that even reporters are now saying that clinton is a pretty good republican president :>) I am not being a devil's advocate with my latest posts, but I do seem to be relying more and more on intuition. Instead of focussing on all the damage that has been done to the Asian people, I seem to be focussing more and more on the meltdown in protectism.. (I can't see clinton impeached because currently too many people are doing much better than they have in a long time and now he is beginning to offer goodies to voters..since everything is political, he probably wants a trial now when times are so good..if times got much worse..then he might be in trouble)

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