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To: Lucretius who wrote (7259)	2/10/1999 12:58:00 AM
From: R. Gates	Respond to of 14427

You're smarter than me, but Gold didn't bottom until 1931 (2 years after the crash) see kitco.com and THEN it took off very nicely indeed. But I definitely agree with the Yen being the key currency to watch. Everyone looking for Japan to rescue Asia. But I still see a currency devaluation spiral erupting between S. America and Asia first. This is the liquidity crisis that Greenspan and the IMF fear the most. The credit bubble is too big to borrow out of this time. Asia and S. America fueled the majority of the growth in the worlds economy over the past 10 years. Now that growth induced demand has stopped and that is why we have deflation on a worldwide scale. The piper must now be paid---and there will be pain. R. Gates