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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (13359)	1/23/1998 1:22:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 18056

George: I am not sure that the current move in Gold is real as yet, the XAU has just run into some overhead resistance. As for Asian stocks, when the Rupia was at 4000 to 5000 we were told that it will rebound, but it is now brushing with 14,000 and could go to 30,000, if you invest in Indonesia, you'd better be hedged in case the currency there continues its free fall. As for Japan, I still think that unless they do something serious about their domestic economy, they will retest and breach the low 14,000. As for the yen, I still have 140 yen/dollar before the middle of the year. The dollar had a strong move to 134 or so, and what we have now is a typica retrenchment, I see no reason for reversal. But then, my turnips have been known to be wrong from time to time. Zeev