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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: ahhaha who wrote (242)	5/29/1999 10:05:00 AM
From: Freedom Fighter	Read Replies (1) of 587

Ahhaha, >>Foreign central banks have been selling their treasuries. Some believe that this is due to Euro factors or Japanese repatriation, but I believe the sales are due to the recognition that the US is inflating.<< How about another possibility? When private foreign demand for the U.S. treasuries is weakening in the face of the very large U.S. current account deficit, central bankers fill the savings gap with purchases of their own. When there is ample demand for U.S. treasuries they back off or even sell. Of course there's lots of other considerations and factors at play, but my observations indicate that central bankers do not behave like private investors who are making decisions based on fundamentals, values etc... They work together to promote their economic agenda. For now they need for the U.S. bubble to remain afloat until other parts of the world get back on track. If foreign private demand for treasuries starts to decline and that threatens either the dollar, U.S. interest rates and/or the bubble, they will immediately become heavy buyers again and plug the saving hole. For now they need not be. Wayne

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