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To: Jim McMannis who wrote (11652)5/15/1998 2:28:00 AM
From: Jim McMannis  Respond to of 116836
 
Comex gold up as much as $5.10 tonight. Currently up $3.80.
Jim



To: Jim McMannis who wrote (11652)5/15/1998 8:03:00 AM
From: long-gone  Read Replies (1) | Respond to of 116836
 
Jim,
Did you catch the CNBC real world inflation index?
Up 4.6%. So much for that BS the Govt. puts out!
rh



To: Jim McMannis who wrote (11652)5/15/1998 9:05:00 AM
From: PaulM  Read Replies (1) | Respond to of 116836
 
Jim, how do you feel about the possibility that the Asian crisis is a two edged sword for gold?

It is true that a lower gold price has tended to correlate with lower Asian markets but at some point it strikes me the crisis passes a threshold and that has the opposite effect.

I suspect nobody thinks the Asian markets have hit bottom just now. Headliens today: Indonesian markets "paralyzed"

P.S. I still think most demand for gold is monetary in Asia, with jewelry just being something to do with it in the meantime. Off to work. Cheers.