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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?


To: Tom Byron who wrote (1219)1/28/1998 5:54:00 PM
From: Dwight Taylor  Respond to of 1756
 
Put the cart to the spigot and fill it with gold.



To: Tom Byron who wrote (1219)1/28/1998 10:04:00 PM
From: Don Green  Respond to of 1756
 
Wednesday January 28, 9:15 pm Eastern Time
Goldman analysts recommend short dollar, long zloty
NEW YORK, Jan 28 (Reuters) - Citing improving prospects for fresh fiscal stimulus in Japan and a German economic rebound as well as an expected bulge in the U.S. trade gap in 1998, analysts at Goldman Sachs & Co continued to recommend selling the dollar on rallies against the mark and yen.
Goldman, in its ''Weekly Analyst'' report issued Tuesday, also again recommended a long Polish zloty/short Czech crown trade, claiming improving Polish economic fundamentals pointed toward lower domestic interest rates and a stronger currency.

The report recommended selling dollar/yen at 129 or on a London close below 125.50. Goldman also called for dollar/mark sales on rallies to 1.81 or a two-day close below 1.77.

The report noted Polish central bank president Hanna Gronkiewicz-Waltz earlier this month hinted at future monetary policy easing. Goldman also noted that Poland's trade picture continues to improve.

The analysts reported the Czech crown ''provides a reasonable hedge'' for the zloty.

The report also recommended buying the Norwegian crown as it weakens against the mark, placing stop-loss orders above 4.20 marks for both short- and long-term Norwegian crown positions.