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

To: Rarebird who wrote (38061)	7/30/1999 11:38:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116759

TOKYO, July 30 (Reuters) - Global investors seeking a safe haven amid eroding confidence in the dollar and U.S. asset markets may park more funds in Japanese assets, traders and analysts say. ''If declines in U.S. asset markets continue, demand for the yen as a currency providing emergency shelter'' from such falls could increase, said Koji Fukaya, chief analyst for the Bank of Tokyo-Mitsubishi's foreign exchange & treasury division. biz.yahoo.com

To: Rarebird who wrote (38061)	7/30/1999 11:46:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116759

The US Dollar Index has just turned negative, failing to cross above its 200 day moving average. Gold is like a Time Bomb just waiting to explode to the upside. To those who can muster up a little more patience, the rewards will be great.

To: Rarebird who wrote (38061)	7/30/1999 5:47:00 PM
From: GST	Read Replies (1) \| Respond to of 116759

Rarebird -- I post mainly on the AMZN thread - as a bear. I have been trying to 'explain' why the nets are so vulnerable for essentially the same reason why gold is so promising. I have most of my net worth (the part I actively manage) in metal related investments -- but not physical metal I must confess. I am posting just to say that everything I know about the markets at this point supports your position IMO. Good luck. BTW, I have been encouraging sales of technology stocks and buys of metal related investments -- if they ever get the hang of it they will come out of this with their net worth greatly improved and will avoid the devastating losses that mount day by day in the internet stocks.