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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Terry Rose who wrote (19019)	9/16/1998 11:54:00 PM
From: PaulM	Respond to of 116786

Terry, won't everyone be surprised when the Fed RAISES rates before it lowers them (probably the end of this year). For weeks Wall Street has been treating a rate cut as all but assured on the flimsiest of evidence. Did you catch a part of Soros' testimony--not reported in most summaries--wherein he suggested that Germany wasn't cooperating on a global interest rate cut? I suspect Greenspan knows more about dollar fundamentals--and its implications--than your average Wall Street or Treasury dept Joe. A look at the coming behavior dollar/Swiss, dollar/ Mark and dollar/ECU will explain why the Fed isn't crazy about lowering interest rates.