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To: pater tenebrarum who wrote (54556)6/16/2000 8:40:00 PM
From: Crimson Ghost  Read Replies (3) | Respond to of 116820
 
heinz:

I suspect POG will get hit next week, but the XAU should hold up well -- it is just about as cheap as it gets relative to POG.

BTW, one of the reason's for gold's problems is the conviction among the vast majority in the investment community that inflation will not be a problem long term. They see the current inflation jump as strictly cyclical -- soon to be gone with the wind. For many the idea that inflation will never again be a major long term problem borders on religious faith.



To: pater tenebrarum who wrote (54556)6/16/2000 9:55:00 PM
From: Roebear  Read Replies (1) | Respond to of 116820
 
heinz,
The dollar closed on important support today (105.51), were this to break next week it would be significant.

I expect the Fed, with FOMC coming up, to defend it, but it looks like they may be painted into a corner this time. Da**ed if they do or if they don't raise rates.

Best Regards,

Roebear



To: pater tenebrarum who wrote (54556)3/19/2001 10:16:10 AM
From: long-gone  Read Replies (1) | Respond to of 116820
 
BLOODY ANTI-GLOBALISATION CLASHES IN ITALY

Posted By: Rixon <rixonx@netscapeonline.co.uk>
Date: Saturday, 17 March 2001, 4:22 p.m.

Thousands of anti-globalisation protesters have clashed with riot police in the Italian city of Naples.

An estimated 20,000 demonstrators gathered to protest against a meeting of the Global Forum - a conference of government and technology leaders being held in the city.

Police fired teargas and rubber bullets at demonstrators after they broke through barricades in an attempt to reach conference delegates from 120 governments.

More than 100 people were injured in the violence, including one police commander who was taken to hospital with serious head wounds.

Paving stones and smoke bombs were thrown from the crowds and rubbish containers were set on fire.

The protest was organised by the No Global Network and included hard-line left-wing groups, anarchists, environmentalists and local unemployed people from Naples.

Witnesses said the central square looked like a battlefield as ambulances ferried the injured out.

Helicopters overhead
Several people, including journalists and parliamentarians, accused the police of using "gratuitous violence", but the Naples police chief said his men were attacked and the response was fitting.

A journalist and photographer said they had been beaten up by the police, while protest organisers said a pregnant woman had been among those hurt.

An Italian television crew was also attacked by the protesters.

Cars and offices were damaged in the protest and shop windows were smashed.

Many store owners had shut their businesses in anticipation of the violence.

Helicopters circled overhead monitoring the clashes and about 100 people are reported to have been arrested.

"The situation is under control, but we remain vigilant," police spokesman Nicola Izzo said.

The demonstrators gathered at the scene after arriving in Naples on trains from Milan and Palermo.

Digital divide
A total of 6,000 police had been drafted into the city, and had sealed off the centre with barricades and riot vehicles in preparation for possible clashes.

The global forum, involving 800 delegates from governments and international organisations, has focused on how new technologies change the concept and practice of government.

While the five-day forum has a section dedicated to the digital divide, and ways of ensuring electronic access to developing nations, the protestors say the Internet age is only exacerbating inequalities.

Tight security has been imposed at dozens of summits and high-level finance meetings throughout Europe and the United States since huge anti-globalisation riots wrecked a meeting of the World Trade Organisation in Seattle in 1999.
Saturday 17 March 2001 bbc.com
rumormillnews.net