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To: Dan P who wrote (9341)4/4/1998 7:50:00 PM
From: Bobby Yellin  Read Replies (2) | Respond to of 116762
 
currently using the browser Opera so having a bit of "culture shock"
I know Larry makes my exposure to European culture thimble size at
best..I have had a few close European friends and I cannot believe
they will stand for a melting post..so,although I plead ignorance..
my intuition says that gold will really take off after the fiasco
of trying to bring together the countries under one roof..
ie..I can't see Italians(tend to think of them as wonderful anarchists..love their culture!) for instance dictated to by the Germans or the French taking orders from anyone but the French etc..
so I think a lot of wealthy Europeans might just put their assets
out of reach ..why not gold?
Really glad you yawned also..did you see how the reporter covered herself..mentioning possible inflation down the road :>
Really curious about what Japanese are going to do..they could really
create a bull market in gold either way..they can continue to ignore
their fundamental problems..or they could fix them and use gold as
one means for currency stability..the lower the yen goes..the less
likely the prudent Japanese savers would want to have their assets
in yen denominated holdings..
just guessing..
ps..don't think it is a bit bizarre that two year2000 companies..one
even working on european currency had such a meltdown with the rest
of the market flying..maybe I am overreacting but year2000 plays
and commodity plays and possibly casino stocks.(though.only for final
blowoff re casino stocks..metaphor for this bubble) are the place to
be.
I trust Laslo Birinyi's calls on market though since he is working
on pure empirical data..he sees all the trades..so I think us market
will continue to fly..for a while longer..)