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To: PaulM who wrote (16763)	8/27/1998 10:08:00 PM
From: bobby beara	Respond to of 116768

Does anybody agree with me that the XAU is looking REALLY REALLY good at these prices -ggggggggggg- bobbee seeing capitulation beeeeeeeeeeeeeeee In the 20's the SA miners were mucho strong and my favorite DROOY is showing postive price divergence in this flush out in the XAU. bb

To: PaulM who wrote (16763)	8/27/1998 10:12:00 PM
From: Broken_Clock	Respond to of 116768

Paul...I haven't read the article but i will thay this to your assessment... << Doesn't it seems obvious, that in a deflationary period a person has no more incentive to spend oon doctors and lawyers than on aluminum? What is more amazing is the inability to realize the importance of how different American balance sheets (consumer, state and fed govt) look compared with 1929. Not to mention the risk of racial tensions and social unrest far outstripping 1929. This depression will look much worse in America than 1929. " Amen. It has the potential to get really ugly. In 1929 people were generally not that far removed from "survival" type economics(farming). Today, how many could even plant a garden, much less know how to survive outside of a MacDonald's or Safeway?

To: PaulM who wrote (16763)	8/27/1998 10:32:00 PM
From: C Hudson	Respond to of 116768

I agree with PaulM and Papaya King. This could be much worse. Has anyone seen the chaos in cities NOW? America has been Spiritually Bankrupt for some time. Economic Bankruptcy can't be far behind. Head for the hills.....

To: PaulM who wrote (16763)	8/27/1998 10:41:00 PM
From: Gabriela Neri	Respond to of 116768

The guy has sniffed too much glue for too many years.

To: PaulM who wrote (16763)	8/28/1998 9:52:00 AM
From: craig shipman	Respond to of 116768

>.My favorites assertion in this one is: (1) commodities get crushed in depressions.< It seems that currencies were behaving like commodities in those days and in the present time. Good fortune, Craig Shipman

To: PaulM who wrote (16763)	8/28/1998 9:41:00 PM
From: goldsnow	Respond to of 116768

Paul, funny how it all works...If Japan would have gotten Kurils back and extended those billions to Russia they would have been even in a more deep...As it stands now Japanese (and foreigners/Germans) would now be steadily convinced that it ain't bad compare to ..USA! And just maybe Obuchi would lecture President Gore next year on how to end recession in USA and Toyota would complain about weak dollar...? In Russia affair, Japan is innocent bystander 03:44 a.m. Aug 28, 1998 Eastern By Brian Williams TOKYO, Aug 28 (Reuters) - Japan, so often at the centre of recent global economic storms, is this time mainly an innocent bystander as Russia stumbles through one of its worst crises since the end of the Cold War. Fallout from Russia's financial meltdown is indirectly sweeping across Japan's already battered economy as other world markets take fright. But with few investments and little trade with Moscow, the world's second-largest economy has little to lose directly from Russia's turmoil and for once no blame to shoulder. Unlike in Asia, where Japanese banks and companies rushed to invest in the 1990s and are now paying the price, Tokyo has long kept Russia at arms length. A simple quirk of history, not sudden insight by its much maligned economic policy makers, is what Japan has to thank for getting it right on Russia. While Europeans, particularly Germans, and Americans, dived into Russia with the collapse of the Soviet Union, a World War Two row with Moscow over disputed islands kept Japanese businessmen away. ''I don't believe there will be that much direct impact from Russia's economic troubles because the amount of Japanese trade with Russia is limited,'' said Kiyoshi Ikemoto, professor of International Economics at Osaka Gakuin University. ''The greatest impact will come through what happens with world stocks and in Europe. For example, if concern about this helps pressure down stocks in Japan, Asian stocks will fall, European stocks will fall, U.S. stocks will fall. There is this chain reaction.'' Resource poor Japan has long shown interest in the wealth of raw materials found in Russia's Far East but has hesitated to invest in other areas of the vast nation. Bilateral trade totals just $5 billion -- compared with $60 billion between Japan and China -- and Russia's share in Japanese foreign trade has shrunk to below one percent. Toyota, encouraged by Russian President Boris Yeltsin, was considering construction of a plant in Moscow to tap into a market hungry for the type of quality low-cost vehicles the giant Japanese carmaker sells around the world. The plant was discussed during a Yeltsin visit to Japan earlier this year but it is now certain to go far on the back burner. The most ambitious hopes were for a giant natural gas pipeline project. The $10 billion pipeline would run from the Kovyktinskoye field in Russia's Irkutsk region, across vast sections of Siberia, Mongolia, China, South Korea and eventually Japan in order to market Siberian gas to markets of east Asia. With political uncertainty sure to be involved in Russia's economic travails, the long dreamed of pipeline is likely to again remain just a pipedream. Political analyst Akira Ogata believes Japan's security interests, not its economy, have most to fear from the financial unrest in Russia. ''The biggest impact could be in security issues should the poor economic conditions lead to a resurgence of military strength and nationalist sentiment in the military,'' Ogata said. For reasons of national pride as much as strategic interests, Japan has longed to solve the territorial dispute with Russia over islands seized by Soviet forces in the closing days of World War Two. The row over islands known as the Northern Territories by Japan and the Kuriles by Russia, has stopped the two nations signing a formal World War Two peace treaty. During Yeltsin's visit this year, the two sides agreed to work towards signing the treat by 2000 but this hope now also appears to be fading. ((Tokyo Newsroom +81-3 3432 8018 tokyo.newsroom+reuters.com)) Copyright 1998 Reuters Limited.