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To: Alex who wrote (25788)	1/10/1999 5:19:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116762

Speaking of Brazilian Default, here's one about Chinese Default biz.yahoo.com P.S. Notice the anti-western overtones and careless view of credit ratings and foreign capital flows. "Americans don't care about such things, Thais don't care about such things..." . I think the Chinese will now take every opportunity to put Western--particularly American creditors--at the back of the line. Just to spite us. They will also likely buy gold, for the same reason. This is one country unlikely care about IMF aid, or IMF guidelines.

To: Alex who wrote (25788)	1/10/1999 5:21:00 PM
From: PaulM	Respond to of 116762

And Russian Default biz.yahoo.com

To: Alex who wrote (25788)	1/10/1999 10:45:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116762

Franco has further worried international investors by refusing to clarify his position on the state's outstanding Eurobonds, $108 million of which are set to mature next month. ''Eurobonds, I will begin to study that on Monday,'' Franco told reporters assembled at the governor's mansion. Whoa!!! Did that person say Eurobonds??? I thought he did. Hmmm... well tell me what's so safe about the Euro now?? In fact, if what I've read is correct, Europe has far greater exposure to Latin Debt than the US. However, of course the US has exposure to the Euro and various derivative positions so no one gets off scot-free. Note to EVERYONE: THANK YOU FOR THE WONDERFUL DISPLAYS OF "NEWS HOUNDING"!!! It is one the primary reasons I like to hang out on this thread. You guys put together a wide array of economic and political news, all of which is pertinent to the pricing of Gold (as well as other markets). Regards, Ron