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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (580)	4/20/1998 12:22:00 AM
From: IngotWeTrust	Respond to of 3558

Hutch, I'd like 2 add a fact U haven't incorporated N2 Ur German/US bond mkt thinking if I may... You see, I posted on these threads several weeks back, probably on GPM or XAU thread, that Germany was parking 10 yr BUND money over here until the determination of which 11 nations made it to the "official" EMU/currency participant phase. You see there was this lil short term problem they had: their BUNDS on hand on a specific date this spring had to be marked to the new German fixed exchange rate then assigned by the Euro Monetary Union. Thus some of this early repatriation of German money from our bond mkt where it has been parked is by the "early birds" getting ready to profit from the spike in BUND prices due to the huge refunding getting ready to occur after the assignment date in May. You see, BUND demand hikes BUND prices which lowers German interest rates. After the early birds take their profits (and remember these pro players are nimble enough to make millions on as little as 50 basis points) then the German BUND mkt will settle down. MY POINT? Please don't equate this single parking anomaly, esp. by Germany as having the same significance as Jas. selling of US bonds, OK? They are 2 entirely different scenarios. O/49r