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

To: Tunica Albuginea who wrote (41245)	9/28/1999 9:32:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116764

Fed concerned about wage inflation. What hypocrisy. They were all in favor of the biggest asset bubble in US history which fabulously enriched the financial class at the expense of those who actually produce. Now the chickens are coming home to roost. Gold's day to day movement is unpredictable, but rarebird's year-end target of $310 now looks conservative. Btw,, here is a story with long term ramifications even more bullish for POG than the ECB announcement. Paris, Tuesday, September 28, 1999 Russia, China And India: Do Closer Ties Bode U.S. Ill? By Tyler Marshall Los Angeles Times Service WASHINGTON - U.S. specialists in international affairs are closely monitoring signs of increased cooperation among Russia, China and India, along with a growing sense in all three countries, especially after NATO's bombing campaign against Yugoslavia this spring, that U.S. power must somehow be checked. Although agreeing that the three nations are far from coalescing into a Eurasian anti-NATO axis, the analysts remain concerned about a potentially grave threat: an alliance that would bring together about 2.5 billion people, formidable military might and a vast stockpile of nuclear weapons, all held together by the goal of countering America's global dominance. ''Right now, you have flirting,'' said Charles William Maynes, president of the Eurasia Foundation, a Washington-based think tank. ''I don't know where this is going to go. If we play our cards right, it's going to go nowhere.'' But if the relationships progress, Mr. Maynes said, ''then you basically have the world's heartland - 2 billion people in China and India - allied with a formidable technological power in Russia. That would be a disaster for the United States.'' The signs include a large and growing trade in arms between Russia and the two other countries. The trade provides Russia with important arms-export markets and China and India with sophisticated armaments ranging from advanced combat aircraft to nuclear submarines. The blossoming relationships are already changing the military equation in Asia. China's acquisition of Russian SSN-22 anti-ship missiles, for example, could quickly become a worry for the U.S. 7th Fleet in any confrontation with Beijing. The political desire for closer cooperation is reflected in high-level rhetoric about the need for greater cooperation, usually mixed with thinly veiled anti-Western comments or calls for a ''multipolar world'' - which means counterbalancing America's global dominance. During a visit to India in December, Yevgeni Primakov, then prime minister of Russia, floated the idea of a ''strategic triangle'' committing the three nations to a policy of regional peace and stability. So far, the concept has not been fleshed out. But Western analysts see a series of converging interests among the nations that, if driven by events, could easily add substance to talk of strategic partnerships. The three nations have common interests beyond from their shared discomfort about America's might. They want a stable Central Asia; they fear the impact of militant Islam; they oppose theater missile-defense systems; they strenuously back the primacy of the UN Security Council in dealing with world crises, and they strongly support the principle of nonintervention in the affairs of sovereign states, a principle overridden by NATO as it bombed to halt ''ethnic cleansing'' this year in Kosovo Province in Yugoslavia. All three countries opposed the bombing campaign that the United States led against Yugoslavia on Kosovo's behalf, but the experience especially traumatized U.S. relations with Russia and China. Moscow saw an alliance that Westerners had traditionally characterized as purely defensive wade into a domestic conflict; China, in addition to the threat to the principle of sovereignty, saw a U.S. B-2 bomber accidentally strike its embassy in the Yugoslav capital. ''Kosovo marks something of a divide that I believe is likely to accelerate the collaboration that they pursue,'' said Jonathan Pollack, a senior East Asia specialist who tracks China-Russia relations at Rand Corp. in Santa Monica, California. ''It all has more logic in the aftermath of Kosovo.'' China's relations with India remain cool. But the two agreed in June to launch a security dialogue, and they have restarted talks to resolve a decades-old border dispute. Once-chilly Sino-Soviet relations began to thaw nearly a decade ago and have matured to the point where President Boris Yeltsin of Russia has declared Russia and China to be ''strategic partners.''