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To: Ironyman who wrote (45737)	12/7/1999 9:46:00 PM
From: long-gone	Respond to of 116795

<<,....Anyone who can figure how this relates to the POG, is a smarter fellow than me.>> Me too I-man, but, any port in a storm I guess as it hit - AGAIN!

To: Ironyman who wrote (45737)	12/7/1999 11:05:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116795

Eric and Richard, "how does a rally in POG coincide w/PB rally"... someone somewhere most likely has researched this apparent connection. I would suggest in all seriousness one consult with Moore Research out of Eugene Oregon. They are probably the future industry's most SOUGHT AFTER and highly thought of statistician on seasonality, and intramarket spreads between ANY pair of commodities. They have a website, cost a lot of money, and put out some of the niftiest research for the serious askers seeking corroborating or disproving trading edge in commodity pricing movements. Hope this is of some assistance to you both. If it "pans out," please at least PM me<grin> Nice call, Richard! O/49r

To: Ironyman who wrote (45737)	12/8/1999 7:39:00 AM
From: Alex	Respond to of 116795

Nobel economy laureate says he was happy to see Euro dip Copyright ¸ 1999 Nando Media Copyright ¸ 1999 Associated Press From Time to Time: Nando's in-depth look at the 20th century STOCKHOLM, Sweden (December 7, 1999 8:35 p.m. EST nandotimes.com) - The Nobel Prize-winning economist who helped lay the intellectual foundation for the euro said Tuesday he was happy to see the joint European currency slide against the U.S. dollar last week. But only to a point. "I was quite happy with it up until when it went down to 1.03," Robert A. Mundell said at a news conference. "Then it recovered and went to 1.07, 1.08. And then it came back down again ... I began to think that it would be necessary to put a floor to it." The floor would have been needed, according to the Canadian economist, because exchange rates that fluctuate in free markets notoriously overshoot. The result could have led to rising commodity prices in Europe, Mundell said. However, interest rates dropped along with the euro, and that means the dip won't affect expectations for the euro's future, Mundell said. The fall also proved that the European Central Bank is not too strong, as Germany, Italy and other euro countries have claimed, he said. Mundell, from New York's Columbia University, was in the Swedish capital to receive the Nobel Memorial Prize in economics on Friday. In announcing him as the winner in October, the Royal Swedish Academy of Sciences cited his work in clarifying how exchange rates fluctuate when a government changes its monetary policy. Hong Kong's decision to stock up on the euro saved the European Central Bank from having to intervene, Mundell said, adding that it should have done so had the slip continued. "I think the long-run risk for the euro is that the euro is going to be too strong," he said. "Europe will have to intervene in the upward direction. But if they don't intervene in the downward direction they will lack the moral authority to intervene when they need to intervene." --------------------------------------------------------------------------------