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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (1591)	10/15/1998 5:28:00 PM
From: Juster	Read Replies (1) \| Respond to of 81187

Searle, I was looking at 4 large mid-caps Monday night and noticed what looked to me like shortcovering and big-buying at their new lows. I put that with your regression model posts that said a case could be made for a bullish market and jumped back in Tuesday. Gold should move quite strongly with any further Fed rate cut. This is still a stock picker market and only earnings with growth will shine. Juster

To: sea_urchin who wrote (1591)	10/16/1998 10:30:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 81187

Searle, It's good to know that Greenspan still has some clout left by cutting rates rather than the "pushing on a string" scenario the depressionists had been wielding on the markets of late. Definitely takes the punch out of the Safe Havenists at this time. They haven't been right since 1929 anyway. I sold half at approx. 83 on the XAU and some more at 87 but that doesn't mean I won't buy back, of course. I'm in agreement with some that the big move in gold isn't due until 1999 as all this lighter fluid that's being poured on the fire may not begin to ignite until then. Now they are talking about AG generating a "soft landing". Better for golds prospects but still smoke and mirrors at this time because the economy hasn't even started to tank yet. Regards, Jim