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To: Marc Newman who wrote (470)	12/1/1997 4:40:00 PM
From: Joss	Respond to of 686

Hi Marc, I agree in principal with Mr. Cramer. However, if they didn't own the printing presses, I wouldn't consider the US solvent either, but it is where I would place my bets. Thanks for the feedback. Steve

To: Marc Newman who wrote (470)	12/2/1997 12:28:00 AM
From: mozek	Read Replies (2) \| Respond to of 686

Suppose that Japan, South Korea, China, Taiwan and others need to raise liquidity. Why sell bonds? They've got lots and lots of a depreciating, but still valuable asset, gold. In fact, the future doesn't look so bright for gold, and it's becoming a favorite for national and even EU dumping. Why not sell NOW while they can still get some cold hard cash? So what happens if we get a bear market in gold? It seems that a natural reaction would be a flight to quality stocks and bonds. Don't know if this is already happening or not, but if gold keeps dropping while stocks and bonds continue to move up, we might start seeing some real short covering. Thanks, Mike