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To: Bobby Yellin who wrote (5046)	1/1/1998 7:41:00 AM
From: Bobby Yellin	Respond to of 116753

biz.yahoo.com

To: Bobby Yellin who wrote (5046)	1/1/1998 1:11:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116753

"I can't see putting any more money into gold until there is some major policy change..ie from Japan?..or a devaluation from China?" Bobby, what yo said make a lot of sence, however a translation of this thought is that you cannot see buying more gold, unless it decisively breaks on up-side. That is fine..I just do not see sector as subject to classic rule of bottom-fishing.

To: Bobby Yellin who wrote (5046)	1/3/1998 12:36:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116753

"wiiling to help" ??? Confiscations? Thai military to collect gold to help economy 04:35 a.m. Jan 03, 1998 Eastern BANGKOK, Jan 3 (Reuters) - The Thai military plans a nationwide campaign to collect gold, jewellery and other donations from people who want to help tackle the country's economic crisis, government officials said on Saturday. ''We learned that the military is launching a campaign to collect gold, jewellery and dollars from people who want to donate to bail out the nation from crisis, and the government supports the plan,'' Supatra Masdit, minister of the Prime Minister's Office, said. Supatra has been assigned to oversee a so-called Thai Chuay Thai (Thais help Thais) campaign. The campaign was initiated by a Buddhist monk who has collected over a million baht ($21,000) in donations which he is expected to turn over to the government soon. Prime Minister Chuan Leekpai told reporters on Saturday after a visit to his native Trang province that people in his hometown had given him gold necklaces weighing half a kilogram (one pound) and some 40,000 baht ($850) in cash to help the nation tackle its economic troubles. Last week an old woman inspired others by donating 150 grammes of gold and 5,000 baht in cash through the Thai Chuay Thai office in Bangkok. Supatra said it was not government policy to campaign for public contributions, but added it would not turn down any goodwill efforts by the people. ''The government policy is to campaign for people to lead a life of austerity, refrain from consuming luxurious imported goods and to change dollars into baht,'' Supatra said. She said the military informed the government it would launch its project to collect from anyone willing to donate. The monk behind the campaign launched it after Thailand was forced to negotiate a $17.2 billion international rescue package with the International Monetary Fund last year. The money raised would be used to help pay off the IMF loans, he said. Fifteen more temples in Chumporn province were launching a similar campaign, one monk said. Aside from Buddhist temples, various other organisations have been collecting valuables from the public to turn over to the government. ''So far we do not have precise figures on how much the organisations have received from the public,'' Supatra said. ''How much government gains from the goodwill of the people is not the issue, but what the government is gaining from public support is regarded as a big success for us when we see how the people come together and how the public is aware of how bad the economic crisis is,'' she said. The Thai military, which led 17 coups or coup attempts since the government changed from absolute monarchy in 1932, has pledged its full support to the government's austerity drive. ''In this particular situation, the military pledges full support to the government's austerity policy and will adopt all means to help the government,'' supreme commander General Mongkol Ampornpisit, told reporters late Friday. ^REUTERS@