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Gold/Mining/Energy : At a bottom now for gold? -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (1613)	9/10/1998 6:20:00 PM
From: Ray Hughes	Read Replies (2) \| Respond to of 1911

Bobby: There is a monstrous danger in Japan in that pension savings may have been transferred, via market investment, to other people. As pension investments (equities, real estate, insurance savings) tank, no amount of monetary and fiscal stimulous will get Japanese consumption on track. Recession would grow ever deeper and US intent to see Japan stimulate buying of foreign (read US) goods would be thwarted. Remainer of Asian train, lacking the locomotive, would slide backwards with Western marketing to Asia drying up. Multinational company earnings would collapse, inflation in financial assets would turn to massive deflation of financial assets and stock markets would decline more, lots more. Or have investors already realized this is the one true scenario? RH