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To: Zardoz who wrote (30419)	3/21/1999 7:19:00 PM
From: Lucretius	Respond to of 116791

the 'ole perpetual motion machine, eh? In your world, gold can never rise... right? Afterall if rates are falling, the dollar rises and gold goes down... when rates climb.... you say foreigners buy bonds and strengthen the dollar, and gold goes down. No wonder everybody is short gold... you can't lose. -g- wow, this is amazing... the dollar and bonds will never fall, and gold will never rise. I'm glad you cleared this up. -g- keep 'em comin, ROFLMAO

To: Zardoz who wrote (30419)	3/21/1999 8:09:00 PM
From: goldsnow	Respond to of 116791

Hutch, clearly a declining USA Market (Bear) would forecast not only the end of Bull, but end of USA economic expansion cycle and falling dollar...The question is what would happen to Asian Markets other than obvious return of funds back home..? If no trust in Dollar,Weak Euro, ?? Yen Extends Gains Against Dollar as Japan Stock Market Rally Stokes Demand Yen Extends Gains vs Dollar as Stock Market Rally Stokes Demand Wellington, March 22 (Bloomberg) -- The yen rose against the U.S. dollar for the tenth time in 11 days on expectations a rallying stock market in Japan will increase demand for its currency. The benchmark Nikkei 225 index rose almost 6 percent last week to a 7-month high of 16,378.78. Foreign investors led the charge and they must first buy yen to pay for Japanese shares. ''The yen's strength is based on the strength of the Nikkei,'' said Rob Koh, a currency trader at First National Bank of Chicago in Adelaide. The dollar fell to 116.97 yen from 117.14 yen in late New York trading Friday. Japanese financial markets are closed today for the Vernal Equinox Day, the first day of spring. With just over a week to go until the end of the Japanese financial year, the currency is also being boosted by exporters as they convert their overseas earnings into yen. Many investors expect the stock market rally to continue amid signs Japan's deepest recession in almost 50 years may be bottoming out. ''My impression is that a lot of foreign funds still haven't finished rebuilding their Japanese portfolios,'' said Shoji Kirakawa, a strategist at Kokusai Securities Co. The yen's gains may be tempered by concern the Bank of Japan will step in and buy dollars to ensure exporters can remain competitive and help underpin an economic revival. The ''Japanese authorities must be getting concerned at the relative strength of the yen, and already there are rumors of potential central bank intervention if the U.S. dollar moves much lower,'' said advisory firm Bancorp Treasury Services, in a report today. The yen rose 3.5 percent against the dollar in the past month. First National's Koh said he doesn't expect the Bank of Japan to comment before March 31 because demand for the yen should taper once the fiscal year is over. ©1999 Bloomberg, LP. All rights reserved. Terms of Service and Trademarks.

To: Zardoz who wrote (30419)	3/21/1999 8:13:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116791

Would it be fare to say that Low Inflation in USA is a direct result, (in fact the only reason) of low oil prices as the result of Asian recession...? (low-price Asian imports preventing USA wages to go-up is the result of the same) If that is the case, USA must keep Japan in recession or else... Can we keep Asia (low gold) in recession? Is this is the time to sell every bit of USA market (stocks, dollar, property) and move into Australian dollar, loonie and commodities?

To: Zardoz who wrote (30419)	3/22/1999 6:32:00 AM
From: Bobby Yellin	Respond to of 116791

I just don't think the Fed will be able to raise interest rates,until the rest of the world recovers. If so much of the wealth effect in the USA is from the stock market and retirement funds...and not from higher standard of living(maybe I am wrong but so very many Americans are without health insurance..etc..and what I find very humorous in a perverse way...although the states are cutting down on welfare rolls they seem to be upping on prison roles..I wonder which is more expensive in the short run and in the long run)..it would seem that the fed's policies are being run by the stock market It will be fascinating to see how more corporations might compete with the government treasuries so even if the government starts changing the supply of bonds again..wonder what private corporations will do/ Also shouldn't commodities start rising in another year definitely..Malaysia and Korea supposedly are recovering..hopefully Japan will start recovering in another year.. (Insiders at Baker Hughes have sold a lot of their stock so even though that is only one company..one wonders if oil has a ways to go before it starts a bull move for real..unless we hopefully don't have more terrorism)