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To: sea_urchin who wrote (32195)	4/19/1999 8:17:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116770

Dollar downed by Dow's losses at U.S. close NEW YORK, April 19 (Reuters) - Europe's single currency staged a modest comeback after setting a new record low against the dollar on Monday as tremors on Wall Street hurt the greenback in late dealings. The dollar also fell against the yen, partly because of stock market losses and because sentiment on Asia appears to be improving and turning the yen into a newly attractive investment option, dealers said. ''The Dow took the wind out of the dollar's sails,'' a dealer said, after two waves of futures related selling knocked about 200 points off the Dow Jones industrial average. The Dow closed at down 53.36 points at 10440.53, snapping a five-session winning streak where the Dow had closed at record-highs amid optimism about earnings and the economy. The tech-heavy NASDAQ index fell 4.4 percent or 109 points to 2375. In turn, euro/dollar rose to $1.0655/65 after opening at $1.0638/44 and then falling to a new record low at $1.05890. Since peaking at $1.1906 on January 4, when 11 European nations adopted the currency, the euro has lost more than 10 percent of its value against the dollar. Dollar/yen fell to 117.55/65 from 118.07/12. Apart from the Dow's late session fireworks, the day seemed to belong to European Central Bank President Wim Duisenberg who told financial markets he was not alarmed with the dollar's recent rise against the euro. The euro was already vulnerable as analysts worried an escalation of tensions in Kosovo could have a negative knock-on effect for European growth. Duisenberg's comments added ''the proverbial fuel to the fire'' a dealer quipped. Worse yet, for many traders, Duisenberg reminded markets that the ECB does not have an exchange rate policy, which ''does not mean there is benign or malign neglect.'' But, ''For the time being, there is neglect,'' Duisenberg said. To Tomas Jelf, analyst at SBC Warburg Dillon Read, this means ''Duisenberg is telling us they have one goal and only one goal. And that is price stability.'' But even as dealers were ready to push the euro lower, some remained wary of venturing further into uncharted territory. There was less concern about possible ECB intervention despite talk that ECB had been buying euros as part of its normal currency market operations late last week. Even though Japan's top financial diplomat Eisuke Sakakibara warned overnight that Tokyo would act decisively against any premature, excessive rise in the yen, the market paid little attention. ''People are buying yen on this idea that Asia is recovering,'' a dealer said. In other trading the British pound fell to $1.6110/20 from $1.6153/58. Earlier selling pressure also pushed the euro to an all-time low at 65.58 pence against the British pound and to just above its all-time low at 124.55 Japanese yen. The dollar fell to 1.5020/25 Swiss francs from 1.5055/60. The dollar rose against the Canadian dollar to C$1.4860/70 from C$1.4815/25. The Australian dollar closed unchanged at $0.6515/20. Related News Categories: currency, US Market News biz.yahoo.com

To: sea_urchin who wrote (32195)	4/21/1999 9:47:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 116770

*Monetize Gold & Silver Right Now* How many times have the good people here cried out for greal moneyh? How many times have we complained about our inflationary fiat monetary system? Often enough...... How can we achieve the freedom of real money? We have to remonetize gold and silver. How can we remonetize gold and silver? We have to start using the PMs as money. NOW! There are many ways this can be done. I would like to recommend one today: e-gold (www.e-gold.com). I just set up an account, and I found that it is: Faster than bank transfers Cheaper than any other international payment method *Easy to use at home For the above reasons, I have decided to use e-gold for day-to-day payments with my clients, subcontractors and friends. Starting today!!!! I strongly recommend that others who truly desire a hard money system start to build momentum for use of the PMs as money. The more that we buy, sell and save in PMs, the stronger the momentum will become. Take action!!! Have a great day, THC