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To: Alex who wrote (12454)	6/1/1998 6:34:00 AM
From: Gabriela Neri	Respond to of 116906

Another opinion on the XAU: Commentary for Friday, May 29th,: The XAU finally made up its mind and chose the alternate count. The action for the past couple of weeks was rather choppy and Gold was definitly looking bullish: hence my preferred count. Well, I was wrong and the market decided to head south right away. At least the Wave Principle provided us with very clear targets to identify which count will prevail. The move below 78 on Tuesday made it very clear. The XAU turned bearish and should find good support in the low 60's. In the very short term it's possible but not needed that we see some strenght on Monday. If it's the case, the XAU should find resistance at 77.63 before keep moving south in a serie of fourth and fifth waves. Only a move above 80 will revive any bullish potential. The 10 weeks cycle suggest a bottom on June 23rd follow by a countertrend rally that should last all July. This is interesting because cycles in equities suggest a top in late July-early August. Something to keep an eye on. Have a great week-end and see you on Saturday June 6th.

To: Alex who wrote (12454)	6/1/1998 10:28:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 116906

Alex, Gold and XAU breaking down, next support for XAU at 68. Will Hashimoto come to the rescue -g- bb

To: Alex who wrote (12454)	6/1/1998 9:11:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116906

A Great Russian Nationalist view... Solzhenitsyn lays bare the evils of modern Russia By Alan Philps in Moscow telegraph.co.uk ALEXANDER Solzhenitsyn, the Nobel-prize winning writer, this week publishes a bitter indictment of the evils of modern Russia. The author's attack, in a book called Russia in the Abyss, will make unpleasant reading for the Kremlin just as the government tries to weather the worst financial crisis of the decade. According to Solzhenitsyn, 79, it is not just the finances of Russia which are rotten: the state which grew up on the ruins of the Soviet Union is facing collapse, taking the Russian nation to its doom. The Russians, he writes, are committing mass suicide while their rulers and the new rich feast off the wealth plundered from the countryside. "Our frenzied rulers are stabbing Russia to death," he writes. "We are barely living - caught between the oblivion of the past and looming annihilation in the future." The language of his polemic proves that Russia's greatest living author has not lost the messianic zeal which he used to destroy the communist party, exposing the crimes of Stalin in Gulag Archipelago. In his new work he sets himself up as the defender of the majority of Russians - 98 per cent according to him - for whom the reforms of recent years mean only poverty, unemployment and helplessness. Russia, he says, is ruled by "band of selfish people who are indifferent to the fate of the people and do not even care whether they live or die". The Russian state is a "phantom" where elections and a so-called free press are just an empty boast, he writes. One of Russia's key tasks, he says, is to create a sense of American-style patriotism, without which there can be no normal society. The book is due to go on sale on Thursday. Excerpts have been published, at the author's wish, in two newspapers outside the control of the notorious oligarchs who own most of the mass media. But only 5,000 copies are to be printed, raising the question: who is listening to Solzhenitsyn's call to reject the flesh-pots of Moscow and live the simple, peasant life? The publisher and critic Igor Zakharov said: "This is a book mainly for people who professionally worry about the fate of Russia, and secondly for his literary admirers, but there are not many of them left." The writer's rejection of Russia's smash-and-grab capitalism is so absolute that he has become a national irritant, so much so that few people want to listen to him. Mr Zakharov said: "The Moscow elite and the money men hate him. They don't want a prophet of asceticism preaching in the market square. For ordinary people, he disturbs their peace of mind too much. They do not like to hear that they can lead a moral life if they just listen to their consciences." Solzhenitsyn has long been out of favour with the authorities. When he returned to Russia in 1994 after 20 years of exile, he was given a fortnightly television slot, but it was axed supposedly on the grounds of low ratings. Many suspected it was because his message was so anti-Kremlin. With his beard and antique vocabulary, Solzhenitsyn appears to many to be a caricature of the Russian writer turned prophet. Defenders of the current regime say that Solzhenitsyn and other disaffected intellectuals have done a lot of harm by painting the blackest picture of economic reform. Published comment in Moscow about Solzhenitsyn tends to be polite but dismissive. But he claims to receive thousands of letters from the provinces, which he calls Russia's "Third World", where people live a primitive subsistence culture. Konstantin Eggert, a commentator at Izvestia newspaper, said: "Solzhenitsyn has failed as a prophet in Russia. If he wants to help the dispossessed, he needs to find a way to influence the decision-makers. But he has lost that audience. He has failed to make himself part of the solution." The Moscow elite, for whom the future is bright, criticise him for being out of touch with aspirations for a richer and more comfortable life. Russians, they argue, want more wealth, more evenly distributed, not a return to the 19th Century. His tirade would no doubt be balm to the soul of the provincial dispossessed, but they do not buy many books. Indeed, they rarely see money at all.