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To: Eashoa' M'sheekha who wrote (50025)	3/4/2000 3:22:00 PM
From: goldsnow	Respond to of 116898

Well since you are no longer interested in Gold, just the price of it..<g> But the three regions in contention all have different ambitions. UNDER ATTACK ON ALL FLANKS The IMF is constantly under attack within the U.S. Congress, and some American critics ask if it is even necessary to have an official lending agency to mop up when economies break down. President Bill Clinton's administration wishes to keep it in business, but wants to strip it down to deal with emergencies, no longer sponsoring long-term economic reform programmes. Much of the European Union, which has always headed the IMF since its creation after World War Two, recognises failings, but believes they go beyond the agency itself and that it needs more teeth to tackle problems. And Japan believes the IMF needs to adapt its prescriptions to the different regions in which it has to operate, rather than sticking to one formula for every ill on earth, irrespective of local context. biz.yahoo.com

To: Eashoa' M'sheekha who wrote (50025)	3/4/2000 3:39:00 PM
From: goldsnow	Respond to of 116898

If the core inflation rate starts to rise, the Fed should strike swiftly. ``My instinct tells me that, as policy becomes less pre-emptive, it should become more aggressively reactive,' he said. In 1999, he said, ``As the unemployment rate fell farther below the best estimates' for a non-inflationary environment ``and the risk of overheating increased, policymakers became less tolerant of continued above-trend growth.' Now, he said, is the time to respond to forecasts that the unemployment is going to decline further unless economic growth slows. Waiting for inflation to accelerate isn't an acceptable option, he said. More aggressive Fed action may be soon upon us, he suggested. ``In my judgement, the unemployment rate has already declined to a sufficiently low level relative to' what is possible without encouraging a pickup in inflation, he said. quote.bloomberg.com

To: Eashoa' M'sheekha who wrote (50025)	3/4/2000 3:40:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116898

Taurus, the risk/reward ratio is very favorable for the XAU at this point. Over the course of this year, the risk at this point is about 25% downside and the reward is about 100% upside. I see another big rally in Gold this year, one in which the XAU will participate. I think it comes right around the time of the last rate hike. Whether or not it is another Bear Market Rally that ultimately fails to hold will depend on the strength or weakness in the dollar and in the high tech stocks. You may be selling near a bottom, while the technology stocks may be close to a top. Many of the tech stocks are in uncharted territory. They could turn on a dime any day.