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To: Bobby Yellin who wrote (6712)	1/25/1998 11:25:00 AM
From: GOLDFINGER	Read Replies (2) \| Respond to of 116759

This wek-ends edition of the Belgian version of "the financial times", there was an article about deflation. The author of the article was Roland Leuschel, director of the Banque Bruxelles Lambert, now part of the ING bank. He is now recommending his clients to reduce the holdings in equities to only 25 % of your total investment. 40 % in AAA bonds, 25 % cash and 5 % in gold assets. The reason for holding gold : The CB's had a strategy to bring down there gold reserves. This could be the only explanation why the gold price is at a 18 year low. But the demand worldwide rose 18 % last year and the production rose only 2.3 %. This means a gap of 1000 tons of gold !!! But in the future, this can change, because there will be a lot of uncertainty coming. And the price of gold could be on the rise, while CB's who will see this can decide to hold their gold reserves and to sell it at a later stage (at a much higher price)... GF.

To: Bobby Yellin who wrote (6712)	1/25/1998 2:57:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116759

>>do you think this is going to be rule and source of the turnaround in SE Asia and down the road, further strength for Dow and then the dollar? and negative for gold? down the road?>> Bobby, again what is long term? I prefer to look at this postrecession? and when do we expect recession? terms. No doubt, IMO we would have recession (the biggest inflationary event of all-massive destruction of the competition) The long term that becomes very bullish both for gold and copper, that are accidentally as low or almost as low as we can get) I would like to return to the point made by many about democratic practice of "robinhooding" the rich/investors with predictable results. We know that tax policies take effect on economy one way or another in next cycle, nonwithstanding taking credit for "recovery". I see downturn in USA economy in a true contrarian spirit and would buy Copper some now to position and more when signs of downturn are more clear (next quater?)

To: Bobby Yellin who wrote (6712)	1/25/1998 3:07:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116759

"Other countries in Asia are also suffering because of the slump in dollar buying power, which underscores the loss of competitiveness of Asian currencies." infoseek.com

To: Bobby Yellin who wrote (6712)	1/26/1998 12:31:00 AM
From: Broken_Clock	Read Replies (1) \| Respond to of 116759

Boobby, One reason, I believe, for many foreign countries restricting foreign ownership is that the countries want to remain sovereign.If US corps. own the major means of manufacturing, banking, food, etc. in a country...then how does that country rule itself?It doesn't.Tha's why the IMF always puts foreign ownership first on the list of demands after they "foreclose" on a country like Korea.The new world order lives on. Dave