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To: Jorj X Mckie who wrote (64310)	9/27/1999 1:05:00 AM
From: Lucretius	Respond to of 86076

ROFLMAO! we'll see what tomorrow brings... i ain't buying that Firebird just yet -bg-

To: Jorj X Mckie who wrote (64310)	9/27/1999 1:13:00 AM
From: John Pitera	Respond to of 86076

Tom is up to enjoy the fun...oh yeah ...one of those CA.. Surfy types..... -vbg- it's early there. hey try to keep gold under 290 tonight there big fellow... you'll be buying rounds for half of my favorite high tech company with those outsized XAU call and stock gains -g- to answer your question from the cajones thread, this could be a big impact on numerous interrelated markets... there are so many permutations, I'd just like to see how we settle out in the AM...and work from there. with the sharp rally in Gold with prices up over 285 early tonight in Asia. the Gold mkt is structurally very short and there is a chance for a much bigger further rally. This has tremendous psychological implications for the currency markets, If another asset class give the appearance of possibly emerging as a favored haven of return seeking capital then we could see some serious currency moves occur. and for the FED and other market commentators, may have to reconsider their inflation expectations. As you know many economists and strategists, such as Larry Kudlow and Joe Batt. have pointed to gold and said there is no inflation. ( interesting that Oil could more than double and oil is used far more in everyday life and they did not consider that inflation.) Anyway with Gold advancing, a major leg of the bull argument for expanded equity valuations is leaving us, at for the moment -g-. The fall out to the credit and equity markets will be very interesting to watch. John

To: Jorj X Mckie who wrote (64310)	9/27/1999 8:06:00 AM
From: Oblomov	Respond to of 86076

This has tremendous psychological implications for the currency markets, If another asset class give the appearance of possibly emerging as a favored haven of return seeking capital then we could see some serious currency moves occur. I thought the only asset classes were 1. Internet stocks, 2. Stocks of companies that make boring stuff like food and bulldozers and lace curtains, and 3. Bonds, which only old folks like Alan Greenspan worry about anyway.