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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (17904)	10/13/1999 5:29:00 PM
From: BGR	Respond to of 18056

Message 11522381 You promised 300 points, Mohan. You have failed me. Hey, I thought that the Mythsters have a sense of humor! Def is really worked up, though, I see. I know that trading is a hard job so I don't want to stress him further. :-)

To: Cynic 2005 who wrote (17904)	10/14/1999 11:13:00 PM
From: Rational	Respond to of 18056

Mohan, I think the Fed will resort to selling gold to take the dollar out of circulation to keep the strong-dollar policy and American prosperity going as long as possible. The Fed will do this in addition to bulldozing net-exporting countries like Japan to print more of their currency or buy the dollar, threatening them that a fall in the US will ruin their economies. Thus, your hypothesis or belief, that might have worked in a free market, is not necessarily going to pan out in the presence of smart intervention. There will be a catastrophe only when interventions cannot prop the dollar up. US has massive hordes of gold with little industrial value; why is keeping that reserve more important than keeping the dollar and the economy more stable? Rational