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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: chevalier who wrote (391)	7/23/1998 11:02:00 AM
From: PAUL ROBERTSON	Read Replies (1) \| Respond to of 81427

Ari, I do not follow the yield levels off the futures but am quite certain they have blown through the 5.75% level.Cash bond yield on the 30yr right now is 5.67%.The bond formation is very much the opposite of the Cdn dollar and CRB.With the Cdn dollar having broken down and the bonds about to break out it is a matter of time before the CRB breaks the 200 level.So many charts telling the same story,it is hard to believe that any trend change is taking place.The USA seems to be the only country that is actively concerned about the deflation going around and their propensity to act is very limited as their economy seems to be doing well.The recent IMF aid package to Russia is quite similar to placing a band aid on a bullet wound.The price rebound in the base metals and silver are to be watched but basically are rebounding from such low levels are really,I belive,not indicative of a major change in trend.Time will tell but the technicals are already telling. Paul