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

To: Al Gordon who wrote (14634)	7/18/1998 3:17:00 PM
From: skelly	Read Replies (1) \| Respond to of 116764

Saudi's are interested in more than pumping oil.see: home02.da-us.citibank.com

To: Al Gordon who wrote (14634)	7/18/1998 4:32:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

"Now that the aeroplane of Japan's economy has crashed into the mountainside of recession, investigators have prised open the cockpit door to discover who was flying the plane for all these years. And they have made a startling discovery. The plane flew high and fast and appeared to be skilfully navigated for nearly half a century. But when the wrecked cockpit was opened, the pilot's seat was empty." afr.com.au Al, IMO for gold not to appreciate substantially, several events must not to occur... 1. Bull market must continue indefinetly.. 2. asia must continue its current status and not to precipitate either recovery or further deflation spiraling (culminating in yuan devaluation). 3. Yeltzin must remain in power as sign that Russians are too tired of generations of bloodshed to rebel against misery again..Yeltsin must also stay healthy.. 4. Mines must continue to shed money, despite staggering losses in hope of quick recovery (6-12 month) That must not to occur because ECB must sell more and substantial ammount of Gold.. 5. Low POG in face of continued ECB gold sales must not to de-rail South Africa after mines are either closed or continued with mounting losses. 6. Above all the low inflation in Western World that is pure result of World Economic Crisis must continue with full permission of Asia and no action taken to allow that and dollar to dominate 7. Euro must fail and allow dollar to dominate.. 8. Euro must be a wild success and still allow dollar to dominate 9 Oil must emain cheap and not lead to collapse of Russia or global deflation crisis.. Any of the above must not happen--If it does not Gold would be below 200 and World May be on a verge of major conflict and Starvation in developing countries... 6

To: Al Gordon who wrote (14634)	7/18/1998 5:30:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116764

Al: My problem on the outlook for the Japanese markets is that there are some very smart people on both sides of the debate. Fund manager James Cramer thinks the bears are headed for a fall. But Martin Armstrong of Princeton Economics thinks both the yen and the Nikkei are headed much lower after this little rally peters out. The bulls say that major reforms are coming and the markets will overlook short-term problems. No way will the market be so generous say the bears.