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To: Abner Hosmer who wrote (5785)	1/13/1998 7:27:00 PM
From: Abner Hosmer	Read Replies (2) \| Respond to of 116759

Gold jumped today as confidence started to return after an overnight rally in key Asia stocks. "Anything improving the negative Asia picture is going to help gold from its lows," said one trader. "Feb gold settled up $4.9 at $283.80 per ounce, Mar silver was up 21c at $5.685...silver up on rumors that a lawsuit against parties alleged to have perpetrated a squeeze would not be filed." cnnfn.com

To: Abner Hosmer who wrote (5785)	1/14/1998 7:57:00 AM
From: Dwight Taylor	Respond to of 116759

Thomas--that story of derivatives sure puts the speculative blame where it should be--banks, brokerages, conglomerates. I doubt disclosure or regulation will become mantadory. << Chairman Alan Greenspan's recent remarks on the financial crisis in Asian countries seem to be at odds with his July 31, 1997, letter to FASB concerning derivatives. That is, there is now some indication that the lack of adequate recognition and measurement of the effects of derivative positions by many foreign banks, brokerages, and conglomerates hid from investors and regulators the true picture of insolvencies that is now emerging.>>

To: Abner Hosmer who wrote (5785)	1/15/1998 10:58:00 AM
From: The Vet	Read Replies (4) \| Respond to of 116759

How about this risk assumed by the US in order to obtain a trade advantage at the expense of their "friends" smh.com.au "Australia's share in the lucrative South Korean market is threatened by a US Government loan guarantee fund of $US1 billion ($1.5 billion) for South Korean purchases of US wheat, cotton and beef. The fund offers a guarantee to exporters if a Korean purchaser defaults on payment. "It is a very attractive package," Mr Officer said. "We understand the predicament of our customers in Korea and other Asian countries. We are looking at how we can maintain a level playing field with the US in order to continue to do business there."