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To: cool who wrote (21544)	10/13/1998 5:05:00 PM
From: lorne	Respond to of 116762

Frankfurt--Oct 12--Economists are thirsting for details about the European Central Bank's monetary strategy and target corridors for indicators. After Tuesday's policy-making council meet, ECB President Wim Duisenberg might not only announce that the ECB will--as expected--pursue a combination of money supply growth and inflation target, but possibly also come forward with exact target corridors for monetary growth and inflation. Duisenberg is seen staying tied-lipped when it comes to rate policy, but is likely to praise recent convergence success while ruling out immediate rate cuts to ease global market turmoil. Among technicalities, analysts expect further details on the future ECB minimum reserve requirement. By Mirko Wollrab, Bridge News, Story .751

To: cool who wrote (21544)	10/14/1998 12:42:00 AM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 116762

Hello Daddycool. Thanks for posting that buttttttt....... We don't post these CNN/UPI/CNBC and other daily market commentaries anymore as they have proven to be misleading and self-serving propaganda. As a matter of fact,if you were to follow these reports over time,you would think it was a " bought and paid for "(BAPF) extension of the Wall Street Hedge Fund Community.But we all know that is not possible,so we just write it off to their " printing all the news they feel fit to print " without any of their own research and verification. For example...... " Traders said gold inched higher in technical trading after coming under light selling pressure after the U.S. dollar continued to recover against the Japanese yen on global currency markets. Dealers added the dollar/yen rate - a key to measuring market sentiment - was slightly negative for the market with a softer yen making the dollar-denominated metal more expensive for Asian investors." You see.....if these statements held any REAL value,Gold would now be at 325 USD where it should be given the strength in the YEN in recent past.They are FUN to read though,as it is always interesting to see how long they go before reverting back to their " old ways ". During the run-up in the YEN,Gold commentary regarding the YEN influence was a " Golden Silence ". NADA ZIPPO ZILCH ZERO Now an article was just posted here stating Asian demand is way up there and expectations of further demand outstripping real physical supply in the future.It is all just a game.Play along and have fun. This thread has ferreted out the truth more than any site on the net. We don't have to contend with people in the business such as brokers and floor traders who try to bury the truth with their " Company Lines " to have Joe SixPack believe this is a supply/demand market, and play trading ranges based on the flavour of the week analysis. Get the picture? PS:" Cool " handle.:)

To: cool who wrote (21544)	10/14/1998 12:45:00 AM
From: Eashoa' M'sheekha	Respond to of 116762

This Is What I Mean. Dollar makes biggest one-day fall against yen in quarter century 7.23 p.m. ET (2323 GMT) October 7, 1998 NEW YORK (AP) — The dollar plunged 8 percent against the yen Wednesday, marking its largest one-day percentage fall in a quarter century, as Japanese economic prospects seemed to improve. The mark also gained against the dollar on comments by Germany's central banker suggesting that no interest rate change was in the offing. "The dollar/yen move is larger than any day in the past quarter century,'' said Marc Chandler, a senior currency strategist at Deutsche Morgan Grenfell. "This is just an amazing day. It's unprecedented.'' In late New York trading, the dollar weakened to 120.25 yen, an 8 percent drop from 130.85 yen late Tuesday. The last time the dollar saw such a sharp decline was in 1974, Dow Jones Newswires reported. During the trading day, the dollar fell to 119.20 yen, an 8.9 percent drop. The dollar also was changing hands at 1.6138 German marks, down from 1.6300 marks. The yen initially strengthened when Japan's ruling Liberal Democratic Party introduced banking bills in Parliament that seemed likely to pass because they contained elements favored by the opposition party. Japanese stocks also soared, with the benchmark Nikkei index rising 6.17 percent.