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To: GST who wrote (65537)	6/30/1999 8:07:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

OT -- Glenn -- Yen and gold carry trade unwinding as we speak. Yen being held down by intervention - estimated at 15-20 billion dollars in four seperate interventions in the last few days. IMF gold sales increasingly unlikely. A drop in the dollar and a rise in gold will trim some of the fat from the stock market -- I am going to hang in as long as I can on the long side -- going with earnings and crossing my fingers, with a healthy dose of gold calls to round things off. GST, Thank you for the update. I have been working a lot so am behind the eight ball regarding economics. The gold calls you mentioned are on the XAU?? What month and strike if that ist the case. I went long NEM a few days ago but in a large way. Glenn