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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (26297)	1/15/1999 10:18:00 PM
From: PaulM	Read Replies (3) \| Respond to of 116764

Thoughts on whether market behavior is concerted manipulation or just very stupid money? I checked the net at the end of the day to find the DOW +200 points on "optimism" about Brazil's allowing the real to float against the dollar. Now--and I'm bit embarrassed to have to admit this--I was actually under the impression that that was what $40 bill IMF money was designed to prevent. I guessed I missed something, because--as it turns out--this was a master stroke. In fact, you wonder why Brazil didn't give this boost to the markets two months ago (for free). Guess I'm also not sharp enough to understand how allowing the currency to devalue--and creating more risk for real holders--will lower interest rates. Or how a country with 30$ bill in (rapidly devaluing) reserves, interest rates well into double digits and high unemployment will pay $300 bill in foreign denominated debt. Do you have that page in Samuelson?