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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Mark Bartlett who wrote (37922)	7/28/1999 8:08:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

excellent last paragraph - bobby

To: Mark Bartlett who wrote (37922)	7/28/1999 8:31:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116764

It is also very clear that they are trying to force people to take fiat paper to protect their capital, rather than gold. Hmmm..., what constitutional obligation do they, or we, have to protect a specific part of the mining sector, namely gold mining?? Gold is officially on the Treasury's books at $42/ounce. That should frighten you even more. An increase in the price of gold would be a good thing - it would suggest that the world's present economic mess is not as bad as many of us believe. How do you figure that?? In my estimate, gold rising strongly would initially hurt the Dollar, making it weaker vis-a-vis the Yen & Euro. They currencies would then become more valuable in relation, thus hurting their ability to export until they are able to properly restructure. That, in turn, would case their economies to contract, definitely locking Japan even tighter into its liquidity trap (can't lower rates to weaken its currency and stimulate growth). A rising POG would benefit the world's economy?? Not a friggin' chance. Regards, Ron

To: Mark Bartlett who wrote (37922)	7/28/1999 9:13:00 AM
From: Rarebird	Respond to of 116764

Funds Fear Weaker dollars effect on U.S. Markets: LONDON, July 27 (Reuters) - Worries the U.S. dollar may be entering a period of decline are making European and British fund managers take a far more cautious attitude towards holding U.S. assets. The dollar lost ground again on Tuesday, registering a fall that has seen it lose 5.7 percent of its value against the euro and 4.6 percent against the yen in little over a week. At risk, fund managers said, is a set of circumstances which have made U.S. stocks and the dollar among the best performing assets in the world in recent years. ''Seemingly the U.S. has had a virtuous circle of non-inflationary growth,'' said Jeremy Monks, head of Lombard Odier's $22 billion European and Far East equity portfolio. "A strong dollar has kept imported inflation low, and a bull market and a charging U.S. economy have been drawing in capital which further strengthens the dollar. biz.yahoo.com ''This is all unwinding PS The argument on behalf of a stronger dollar is flawed since it is based on a unrealistic market trend that we are currently witnessing and NO we are seeing the very real end to this cycle. It may come as a great surprise to many that when Y2K begins to take effect that the Japanese and Europeans may take flight into their own currencies. The "Endgame" is near for the Dollar.