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To: Zardoz who wrote (25331)	1/3/1999 9:00:00 PM
From: long-gone	Respond to of 116790

Did you read my recent post that history showed growth in the cash part of M-1 (according to Milton Friedman - sorry left him out on that post) was the "real" reason for the gold/commodity boom last time around. As the Fed is now ready to dump extra cash reserves into the system as Y2K nears while not dropping rates this part of M-1 will jump by 45-55%. There - Y2K gold link!

To: Zardoz who wrote (25331)	1/3/1999 9:37:00 PM
From: Jimsy	Respond to of 116790

Hutch - Euro makes a relatively strong debut, so money traders go after it, US$ goes down, price of gold goes up helped by some recovery in the price of oil due to increased demand now that winter arrived with a bang.

To: Zardoz who wrote (25331)	1/3/1999 11:18:00 PM
From: long-gone	Respond to of 116790

gold eagles are only a part of gold demand. do you not believe the numbers published by the mint?

To: Zardoz who wrote (25331)	1/4/1999 11:25:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116790

O.T. <<State HOW the Y2K effects gold, not post news articles on Y2K problems? Where and why do you see gold rising, and how high? SHOW your analysis. This thread suffers to much from POSTING news releases of the PRESS, and websites, without commenting on it, FOR or AGAINST. Your single mindedness of manipulation of the GOLD markets is the ONE most heavily biased event EVER to occur on this thread. And you still aint got 1 'gold' ounce of proof>> Please note this post,: exchange2000.com it is # 2 in the thread and is a "report" from a TV show (without "your" requested commentary) this has always been "the norm" for this thread, I do not know why you address your complaints about this common practice to me. I was not aware this was "your" thread. I allready (some time back) stated what "my number" was. Please keep up. As to the manipulations of the gold market, many see them, not just me. rh

To: Zardoz who wrote (25331)	1/4/1999 7:51:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116790

Yen outlook vs euro clouded by questions on dollar 02:25 a.m. Jan 04, 1999 Eastern By Kanta Watanabe TOKYO, Jan 4 (Reuters) - The euro is expected to be underpinned against the yen by Japanese investors' interest in euro-zone securities, but forecasting the rate is complicated by growing uncertainty over the dollar, dealers and analysts in Tokyo say. ''The euro is likely to weaken in the short term as we have already seen a big 'euro boom' prior to its launch. There is also a possibility that the European Central Bank will cut interest rates in the near term,'' Yasuyoshi Masuda, a senior economist at Fuji Research, told Reuters Television. Masuda said he expected the euro to weaken towards $1.1 and 125 yen by early spring. But he said the euro zone's strong economic fundamentals, including its current account surplus, were likely to lift the euro to $1.30 and 135 yen by the end of 1999. The euro stood at $1.1873/76 as of 0600 GMT in Tokyo, after starting official trading at $1.1747 earlier in Sydney. It was trading at 134.73 yen, compared with 132.80 yen last Thursday when the European Union set irrevocable locking rates for the 11 currencies in the zone. Japanese investors, who have been inclined to invest in U.S. securities, could shift a large amount of their money towards the euro, Shinji Yamada, senior manager of international treasury at Fuji Bank, told Reuters Television. ''(The euro) would offer greater liquidity and stability, thus enabling investors (investing in the euro zone) to simplify their foreign exchange risk management,'' Yamada said. Yamada said he expects the euro to trade firmly between 130-150 yen and $1.20-1.30 over the next six months. Others were more cautious about the outlook for the new currency. ''I think the initial boom (in Japan) to buy European securities is already over,'' Toshiya Kirino, a fund manager at NCG Investment Trust, told Reuters Television. ''But if, after a while, more people become convinced that the euro would become a strong currency, then we could start seeing more fund flow (into the euro),'' he said. Japan's bleak economic fundamentals did not justify significant yen gains, but growing concerns over possible across-the-board dollar weakness made the euro/yen rate difficult to predict, analysts and dealers said. ''We are looking for a possible shift in the U.S.'s strong dollar policy. A narrowing of the U.S.-Japan interest rate gap is also expected to become a pro-yen factor in the January-March quarter,'' Hiroshi Fujioto, manager of the international treasury department at Industrial Bank of Japan, told Reuters Television. The interest rate gap between the benchmark 10-year Japanese government bond and the 10-year U.S. Treasury note stood at around 268 basis points on Monday, compared with around 352 basis points in early December. Fujioto said he saw a possible fall in the dollar to as low as 95 yen, but the dollar could find a floor at that level as there was likely to be coordinated currency intervention by the United States and Japan below 100 yen. The dollar stood at 113.45/48 yen at 0600 GMT on Monday, compared with 112.77/80 in early Tokyo trade. ''International money flow into the United States started to decrease in the middle of last year. If this money flow drops decisively or if there is even a repatriation of funds from the U.S., then we would need to worry about a possible dollar crash,'' Fuji Research's Masuda said. ''I hope the birth of the euro would not become the trigger of that,'' he added. ((Tokyo Treasury Desk 81-3 3432 9780 tokyo.newsroom+reuters.com)) Copyright 1999 Reuters Limited.