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To: Enigma who wrote (52041)	4/28/2000 10:54:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116762

I agree. But I think Hutch's point is also valid: The Japanese and European economies are so weak that money is still flowing into US denominated assets pushing the USDX to another new high today. How can the POG rise in the face of that?

To: Enigma who wrote (52041)	4/28/2000 1:01:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116762

The argument for a drastically lower dollar eventually, which flies, of course, in the face of yet another new high in the Dollar Index today, is that the U.S. economy is heavily dependent upon the stock market and the stock market is heading lower. The US has huge debt levels and is running an enormous trade deficit. Japan has a huge surplus and Europe also has a much better balance sheet.