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

To: Bobby Yellin who wrote (51507)	4/14/2000 10:17:00 PM
From: GST	Respond to of 116759

<still waiting to see what tanks the dollar> Japanese nervousness about our "bubble" and the current account deficit. The Japanese know bubbles -- and come Monday in Tokyo nobody is going to want dollars.

To: Bobby Yellin who wrote (51507)	4/14/2000 10:52:00 PM
From: Rarebird	Respond to of 116759

<Still waiting to see what tanks the dollar.> Good question. Foreigners are very heavily invested in the US Market. They don't believe what has taken place here over the last 2 weeks. It takes a while to digest what has happened. In their mind, this is the strongest economy and most powerful nation in the world. How could the technology driven Nasdaq decline over 36% in 2 weeks? They think it will come back. How do I know? I don't know for sure. But I do have relatives and friends who live in Israel and they have been calling me up and asking me what is going on here. They are invested in US denominated assets. The dollar can break down any day. That does not mean it will break down on Monday or even next week. What is interesting here is that the Japanese Market has thus far held up quite well in the face of this massive sell off. Moreover, the Asian Markets in general have not sold off like the US market either. The NDX is due for some kind of a bounce sometime next week. Let's see what kind of a bounce we get and whether it fizzles out and new lows are hit, as I think will happen. That may seal the fate of the over valued greenback and usher in a very nice rally in Gold.