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To: John Hunt who wrote (45006)	11/14/1999 12:48:00 PM
From: Michael Collings	Respond to of 116753

I believe it is unlikely that y2k will have a positive effect on gold. At best it may move sideways. Y2K is more likely to be very bullish for the dollar and that is a temporary negative for gold.

To: John Hunt who wrote (45006)	11/15/1999 10:40:00 AM
From: long-gone	Respond to of 116753

-------------------------------------------------------------------------------- China reportedly develops anti-missile laser technology SPECIAL TO WORLD TRIBUNE.COM Monday, November 15 TOKYO -- China is said to have developed laser technology that can shoot down incoming missiles. The Hong Kong Standard reports that China's system shoots a laser beam that destroys the missile guidance systems and causes the projectile to fall harmlessly to the ground. The newspaper quoted a Beijing source as saying China has successfully conducted tests of its new technology since late August. Chinese Foreign Ministry have declined to comment. The newspaper said the program is similar to the laser defense system technology being developed by the U.S. Air Force. The United States is developing the airborne laser that includes shooting missiles either from an airborne platform or from a satellite in space.(cont) worldtribune.com

To: John Hunt who wrote (45006)	11/16/1999 6:58:00 AM
From: John Hunt	Respond to of 116753

Pre-Y2K liquidity crunch to spur erratic FX moves << With just seven weeks to go to the end of the millennium, liquidity is drying up on foreign exchanges, making traders reluctant to hold on to positions and generating more erratic currency moves, dealers said on Monday. Concerns about the millennium bug (Y2K) computer problem mean foreign exchange activity is falling off earlier than is usually the case before the end of the year. The market's ability to absorb large transactions without triggering price distortions, as a result, is expected to be even further reduced next month. ``It is highly likely that the markets will be unpredictable -- thin and volatile -- over the last few weeks of the year,' said Graham Cocks, manager of corporate treasury at Mellon Bank in London. ``Given one never wishes to risk more than a certain amount of money, the positions one can hold are going to be reduced.' >> ... more at ... infoseek.go.com