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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 (1616)9/10/1998 6:52:00 PM
From: Alan Whirlwind  Read Replies (1) | Respond to of 1911
 
If you're the plague, Godzilla's a Sunday school teacher.



To: Bobby Yellin who wrote (1616)9/11/1998 1:58:00 PM
From: Ray Hughes  Read Replies (2) | Respond to of 1911
 
Bobby: To the people who sold at the top and invested in US Treasuries, thereby transferring Japanese pension funds out of the country. The pensioner whose bank, insurance company or pension fund manager is insolvent is the loser. Doubly because the worker will be heavily taxed to make the banks, etc. solvent to prevent the crisis of loss of retirement funds.

A heavy depressant will be placed on consumption by the transfer, through taxation, of money to make pensions whole. That's why Japan is being urged to strengthen the Yen. The Japanese consumer will, otherwise, not be able to import and be the engine driving Asian recovery. Obviously Rubin would like to see the Japanese consumer buying US goods.

I think the message is that the US will engineer a dollar decline agains t
Yen.

RH