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To: lorne who wrote (14419)	7/12/1998 7:23:00 PM
From: William Jones	Respond to of 116762

lorne, Try this site, pacific.commerce.ubc.ca look under Comparative Plot Interface, for interesting chart combinations. ttfn, willyum

To: lorne who wrote (14419)	7/12/1998 8:07:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116762

Lorne/anyone - what will be the function of the reserves of the central banks of Europe after the new currency comes into being - not just gold but currency reserves too? If we can get a handle on that we might understand the role of gold in the hands of these European banks - post Euro. E.

To: lorne who wrote (14419)	7/12/1998 8:58:00 PM
From: goldsnow	Respond to of 116762

<<In your post of July 11/98 the ECB said that gold = money, any idea when is the last time a central bank said this. >> That was figurative. By selling gold for "money" and by holding/announcing 15% in gold (far more than in yens) Now that lives them with a lot of Dollars (the only expensive and appreciated asset) And did we talk about buy low and sell high? :) With regard to buying Gold whether by CB's or Smart Money let's remember that all that is "needed" is for CB's to stop selling. The rest 8000 tons of short position will take care of itself..The Dollar would be taken care as well by next cycle..Little has changed in Japan since Nikkei 40,000 just wind has changed..All this talk about fundamentals and so on is partially a propaganda..when real estate in Japan was booming (they had Great Fundamentals-little land to live, farm and build, so was California, Houston TX Real Estates that ended in crush..When all people holding credit cards here in USA would start loosing their jobs in the unavoidable downturn we would look no better than inefficient Japan (did I say inefficient-Remember Accolades about superefficiency of Japan) just a wind ..Rain and Thunder...Another day..

To: lorne who wrote (14419)	7/13/1998 1:41:00 AM
From: Alex	Respond to of 116762

Hashimoto Resigns.................... nt.excite.com Japanese PM Hashimoto announces resignation<Picture: Japanese Man in Yukata Robe Casts His Vote at Tokyo Polling Station> Japanese Man in Yukata Robe Casts His Vote at Tokyo Polling Station More photos TOKYO (Reuters) - Japanese Prime Minister Ryutaro Hashimoto on Monday announced his intention to resign, a day after his ruling party suffered a devastating electoral setback in a vote seen as rejecting his economic policies. Hashimoto told a news conference he was resigning as head of the ruling Liberal Democratic Party (LDP), the first step towards stepping down as prime minister. Japanese media reports said a new prime minister was likely to be installed at the end of July in a special parliamentary sitting already scheduled to discuss measures to revive the country's recession-hit economy. "I told the LDP leadership this morning that I will resign as head of the LDP. Our failure in the election is my responsibility," Hashimoto said in an announcement widely expected since the election debacle. In Sunday's Upper House election, the LDP won only 44 seats, far short of its target, in voting for half of the chamber's 252 members.