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To: MythMan who wrote (10469)11/5/1998 3:25:00 PM
From: Cynic 2005  Read Replies (1) | Respond to of 86076
 
Bonds tanked second day in a row. Suddenly Gold comes back to life - spot is up over 3 bucks and XAU is up another 5%. Europe down across the board, despite rate cuts. US rallies. ???????
cbs.marketwatch.com



To: MythMan who wrote (10469)11/5/1998 7:15:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
<<Analysts had not expected the Bundesbank to cut interest rates, but comments by German politicians in recent days had some traders pricing into mark levels the possibility of a cut.

''Central bankers do not like political interference. It raises questions about credibility,'' Milligan said. ">>

Correction: "central bankers" includes Bundesbank only, and specifically excludes Easy Al.


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