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To: Zardoz who wrote (15137)	8/2/1998 9:14:00 AM
From: Baba 2	Read Replies (1) \| Respond to of 116759

Hutch, Great post....Where do you see gold next year at this time???? What would you be buying now for the next 6 months?? Thanks.....

To: Zardoz who wrote (15137)	8/2/1998 10:15:00 AM
From: G.T.	Read Replies (1) \| Respond to of 116759

Good summary Hutch The exporting of inflation is indeed sowing the seeds of recession. If they allow the Yen to fall as far as you say then currency devaluations around the world will intensify with falling stockmarkets. By falling stockmarkes I mean at least 50% over a one year time span. Look at the Hang Seng was 16,380 now under 8,000 and will be under 5,000 by end qtr 1,99 People have become too greedy over the past ten years and those still in will be paying a terrible price before qtr 1,99 ends.

To: Zardoz who wrote (15137)	8/2/1998 12:37:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116759

"Gold:Down as U.S. Dollar Increases Rapidly" That was a nice post, but are you sure about the U.S. dollar? It should certainly strengthen against the yen, asia, canada, russia and latin america, but what of the EU block? The dollar mark / dollar swiss trend appears to be reversing.

To: Zardoz who wrote (15137)	8/2/1998 3:38:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116759

really thought provoking... don't you think governments will intervene? or couldn't Asian recovery in a couple of years prevent the scenario(with market discounting ahead of time?) I have no opinion now just questions..actually am hoping that commodities have come close to bottom now..am hoping that Japanese mean business now and will be helped out to recover...that global competition will limit number of labor strikes in USA..but too many facets..

To: Zardoz who wrote (15137)	8/2/1998 4:48:00 PM
From: JG	Read Replies (1) \| Respond to of 116759

Hutch, Your scenario is based on the assumption that foreign money will flow into US bonds. If that does not happen then we will have the opposite effect; the USD weakens as foreign money goes elsewhere, ie, Europe. That will speak well for the POG. Jim