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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Robert K. who wrote (5045)	12/8/1997 9:33:00 AM
From: aknahow	Respond to of 17367

Bob, your right everything is relative. The Korean that used won to buy gold feels relatively worse off than the Korean that bought U.S. Dollars first.<g> T. Bone steak is $2.99 a pound at one of the markets. Guess I'll just rotate around it, with my money in my pocket, and not buy any, since that would illustrate that it too is unchanged in value and that currencys are rotating around it. Bob, if the price of XOMA is suddenly quoted at $8.50 will it have gone up? Is that really true if no news has occured and its value is essentially unchanged from the day before? Guess it depends on how I view it.<g> This is a relative payback for enticing me to visit the XOMA site, even though you made it obvious, I would be rotating around an unchanged value.

To: Robert K. who wrote (5045)	12/8/1997 9:41:00 AM
From: chirodoc	Respond to of 17367

off topic <<<<<If when our dollar is in crisis, gold will "seemingly" go up. ......i trust this analysis. but please tell me, with this wave of devalutaions, the demand for gold, even in ASEAN nations has not increased but their purchase of u.s. treasuries and stocks has? ......i see the 50K tons of reserves in central banks and private investors as the main reason the demand for 4-5K tons per year has not increased the price--price rises--banks and investors sell. this could change overnight, but it will likely be in place until the dynamics of this imbalance shift.