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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (12145)	5/25/1998 9:31:00 AM
From: Crimson Ghost	Respond to of 116832

Bobby: Probably right! Gold's ability to withstand huge selling and leasing pressures and a steady drum beat of negative commentary portends huge price increases in the not too distant future as Martin Armstrong has projected. This basing process may continue for a while longer before the bull commences in earnest though. Only God knows when the real breakout will occur. Just read that people soon will be able to buy US savings bonds over the web and pay for them via credit card. What the world needs now.

To: Bobby Yellin who wrote (12145)	5/25/1998 9:35:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116832

Bobby: Your point about the spread of nuclear weapons placing pressure on international capital to make concessions to the masses is a most profound one!

To: Bobby Yellin who wrote (12145)	5/25/1998 4:38:00 PM
From: John Mansfield	Read Replies (2) \| Respond to of 116832

America poaches bug busters Speaking about wage inflation. How many programmers are living in the USA; any rough estimates? I do not know any figure; but it must be at least 2 million of them; probably more. Although this is a low percentage of the total working population; these huge increases in hour rates and salaries we are now witnessing must have some additional effect in overall inflation figures. Any thoughts? Or is it insignificant in overall inflation figures!? I am not a specialist in this area; I am interested to hear opinions! TIA John _______ ' David Parsley BRITAIN's leading millennium-bug-busters are being lured to America by leading companies with offers of free flights on Concorde every weekend and lucrative salary packages, including bonuses and share options. ..... But American companies are reducing their staff shortages at a far greater rate than their British counterparts, by raiding them for staff, offering programmers up to œ5,000 a day, and ensuring they can take Concorde flights home every weekend to see their families. .... sunday-times.co.uk

To: Bobby Yellin who wrote (12145)	5/26/1998 10:32:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 116832

BY>> Dollar hits seven-year high against yen, gold down TOKYO - The dollar hit a seven-year high against the yen Tuesday as Japanese investors bought the U.S. currency to escape the miserable returns in their own moribund financial markets. Tokyo stocks ended higher. The dollar bought 137.46 yen in mid-afternoon trading, up 0.32 yen from late Monday in Tokyo. During the day, the dollar peaked at 137.50 yen - its highest level since August 1991. U.S. financial markets were closed Monday for the Memorial Day holiday. With Tokyo's stock market mired in a nine-year rut and the yield on bonds hitting all-time lows, Japan's mutual fund managers have been dumping yen for dollars to raise their holdings in high-flying U.S. markets. Purchases of U.S. assets by Japanese investors, who already own 117.8 trillion yen (dlrs 873 billion) worth of overseas stocks and bonds, have picked up recently even in the face of warnings of an imminent correction on Wall Street, traders said. "There is a lot of buying demand from (Japanese) trust funds,'' said Takeshi Chujo, a currency dealer at the Tokyo branch of Banque Paribas. Part of the reason for the shift is growing pressure on fund managers here to improve returns. Financial deregulation has opened the doors to savvy foreign fund companies, which in April managed more of Japan's savings than Japanese-run funds for the first time ever, the Nihon Keizai business daily reported Monday. Foreign investors have also fled Japan amid disappointment with Tokyo's efforts to revive its economy. While the yen rallied briefly last month when Japan announced a 16.7 trillion yen (dlrs 121 billion) stimulus package that included temporary tax cuts, the optimism quickly faded as the government failed to make those cuts permanent. Nor do the world's central bankers appear too worried about the yen's slide. The latest issue of U.S. News and World Report magazine touched off a wave of dollar buying Monday when it quoted U.S. Treasury Secretary Robert Rubin as saying he is willing to let the yen weaken further, even as far as 150 to the dollar.