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To: MonsieurGonzo who wrote (4236)10/7/1998 2:49:00 PM
From: smolejv@gmx.net  Respond to of 11051
 
Does anybody make any sense in Y/$ gyrations? one twenty two. And on the other side (after the gazzilions of Y printed since cca 8 mo) I understand Japanese banks are seriously undercapitalized. At 0.5% interest rate. This is so seriously out of whack I will have probably very exciting dreams...

dj



To: MonsieurGonzo who wrote (4236)10/7/1998 6:53:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
Think that we should get a partial pull back ..

yen/bond rule came into play big time today ..

If the USD keeps sliding there is going to be very little in the way of safe havens left. Just gold ..

The four gold stocks that I mentioned to DJ .. if 200s each were purchased yesterday at open gain now would be 15.02% .. and I don't think that it's over yet. Probably should take profit when gold hits $325.00. There is still a high risk of banks (and IMF) dumping reserves just when the stuff pops up.

Gersh



To: MonsieurGonzo who wrote (4236)10/7/1998 9:58:00 PM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
Re USD Scratch the pullback for now.

80? This will make a nice dip on the 30 year.

Gersh



To: MonsieurGonzo who wrote (4236)10/9/1998 8:00:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 11051
 
Steve Re" "USD"

Looks like the dollar may have found a bottom (st?).

Good luck on the MSFT play .. I think that the 401k quarterly reports are still in the mail to most people. There is a large percentage of people who are in the kind of fund called "agressive growth."

The US bond has gotten very cheap from the Japanese view .. clock is still ticking on big bang II. I guess that stocks have gotten pretty cheap also... but that doesn't seem to be the Asian flavor.

Gersh