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To: Enigma who wrote (56824)	7/30/2000 11:06:31 AM
From: goldsnow	Respond to of 116938

``We're in a sector that's out of favor and we're in a country who's currency's out of favor. Normandy has to be a target and that is life,'' said de Crespigny. He said it's ironic that the lower Australian dollar helps Normandy in terms of the price it gets for gold, yet exposes the group to takeover at the same time. The Australian dollar has fallen more than 10 percent against the U.S. dollar this year quote.bloomberg.com

To: Enigma who wrote (56824)	7/30/2000 11:24:25 AM
From: long-gone	Read Replies (1) \| Respond to of 116938

<<Explain about Clinton's star? Why now - after all of the other stuff? >> His words not mine, "It's the economy stupid". Currently the economy is the speculative part of the stock market - nothing more. If US spending stops - If any fear steps in - Clinton might end up in jail.

To: Enigma who wrote (56824)	7/30/2000 1:05:53 PM
From: PaulM	Read Replies (2) \| Respond to of 116938

It's not a coincidence that Clinton admitted an illicit affair with a whitehouse intern, which began a movement to impeach, on August 17, 1998 (as markets were entering a period of chaos resulting from the LTCM and Russian debacles). Clinton recovered from that scandal (so did the market). Anymore than its a coincidence that Nixon resigned in August 1974, at the the very bottom of a nasty bear market. People have speculated why these political/financial correlations seem to exist but I think what people are willing to pay for stock (stock index levels) are a good proxy for national feelings of optimism and wealth. When that wealth disappears, people start awakening to see things they seemingly hadn't cared about before. Or maybe the opposition begins to smell blood. I don't know whether Clinton's new problem will be a new scandal, or a continuation of an old one, but if we do see a crash we should see a scandal of political importance in proportion to the severity of the fall.