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To: Sarmad Y. Hermiz who wrote (41033)	2/18/1999 8:45:00 PM
From: GST	Respond to of 164684

Sarmad-- I agree with your assessment on the expiration -- but I also know from experience that a nothing happens scenario is also possible -- as a lot of the action for expiration happened today. On CPI -- I have no idea, but it is not a straight extension of PPI, and I hope we get a little surprise -- 3 tenths of a percent or better on core and the inclusive measure. What I really hope is that NEM is oversold, we get an overnight pop in gold, and there is some anticipation of the events of this weekend -- the G7 meeting has to make you wonder -- and there is no better place to wonder than about gold. I have an expiring position in NEM -- short fuse.