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To: long-gone who wrote (12599)	6/4/1998 12:12:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116796

RH--This really gives new meaning to MFN status (Most favored nation trading)>>China accused of selling human organs WASHINGTON, June 4 - On the ninth anniversary of the Tiananmen Square massacre, a House committee (Thursday) heard allegations of a different type of human rights abuse: reports that the government is selling organs harvested from condemned prisoners. China denies the charges, but one witness said he traveled to China and paid more than $100,000 for a kidney the doctors later told him had come from a prisoner who was executed later the same day. You are right, there is a lot of paper chasing crap right now. I think the markets are in for a fall. Kind of like Humpty-Dumpty!

To: long-gone who wrote (12599)	6/4/1998 1:34:00 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 116796

Some time ago I asked ANOYHER why gold had fallen back to $300 when he had said the BIS wants to push it into a $320-$360 trading range. He answered on USA Gold today: usagold.com He argues that the BIS has temporarily lost control, but will soon regain it. He also assets that any sales by European CBs after January 1, 1999 will be for Euros, not dollars.

To: long-gone who wrote (12599)	6/6/1998 11:28:00 AM
From: goldsnow	Read Replies (1) \| Respond to of 116796

Bergsten says dollar could hit 150 yen short term 08:54 a.m. Jun 06, 1998 Eastern Geneva, June 6 (Reuters) - U.S. economist Fred Bergsten said on Saturday the dollar could hit 150 yen in the short term if central banks did not intervene to halt its rise but it was likely to fall on a six to 12 month view. ''The yen could easily slide to 150 (per dollar) left to its own devices,'' said Bergsten, a former presidential advisor who is the director of the Washington-based Institute for International Economics. Speaking on the sidelines of the annual congress of the ACI - The Financial Markets Association, he said the Japanese economy was very weak and likely to get weaker in the coming months as the Japanese authorities had not yet succeeded in stimulating demand. Japan's failure so far to address its domestic economic problems was the reason why central banks from major industrial nations had not yet intervened jointly, he said. The dollar rose as high as 139.94 yen on Friday, its best showing in seven years. ''The lack of intervention is based on the lack of confidence in Japanese economic policy,'' Bergsten said. Still, central banks would not be able to stand aside for much longer, he said. He said he would expect co-ordinated central bank intervention if the yen approached 150 per dollar or began to show signs of going into freefall. Still, the dollar would struggle to extend its three-year rally much beyond six to 12 months, Bergsten said. This was particularly because the US currency was already 30 pct overvalued against the yen, he said. ''In six to 12 months, long run fundamentals will begin to carry the day,'' said Bergsten. ''We are building up to such a level of imbalance that we can be absolutely sure they will do so.'' Copyright 1998 Reuters Limited.