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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Joey Two-Cents who wrote (6190)	4/4/1998 11:12:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 18691

I also see China devaluing later this year Joey, it won't happen. Last year, a secret deal, which recently became known, called for China not to devalue its currency, in exchange the U.S. will help China gain membership in the World Trade Organization and pressure Japan to import more Chinese goods. The new Chinese premier last week reiterated the no devaluation policy. While this will put pressure on its economy in the near term, the Chinese goverment is betting on the long term payout. Regards, Tom

To: Joey Two-Cents who wrote (6190)	4/4/1998 11:15:00 PM
From: Investor-ex!	Respond to of 18691

Joey, I think they're bullish on South America because it would come under the direct economic support and development of a Western hemisphere (US) trading bloc, countering the very probable rise of a protectionist Asian trading bloc. With Canada and Mexico already in NAFTA, South and Central America are only a matter of time. I've spent a lot of time over at gold eagle in the past and most of their essays are rather interesting. It's kind fun to follow their logic and see how it ALWAYS concludes that "gold must rise, A LOT". It seems that every exposed financial nail requires a golden hammer. Still, I think they're on to something with these Yen and gold positions, but I don't think dollars will be dumped until shortly after 2000, at the soonest. Thanks very much for the link.