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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (13498)	5/11/1999 7:01:00 AM
From: Roebear	Respond to of 99985

Heinz, More news on the GATA anti trust activities, market manipulation: worldnetdaily.com Also, currency news, containing the following excerpt about sterling being too high to enter the EURO, (possibly another reason for gold sale by BOE): biz.yahoo.com "Sterling losses against the dollar were all the more pronounced as traders continued to focus on the decision by Britain's HSBC Holdings Plc to buy Republic New York Corp and its European private banking affiliate for $10.3 billion. Sterling was at $1.6215/18 from $1.6314/19 late in Europe on Monday. Euro/sterling was at 66.42/45 pence from 66.12/14. Breedon at Lehman Brothers said traders were likely to shift their attention to the Bank of England's quarterly inflation report, which will be released on Wednesday. The report would be scanned for references to sterling strength given recent comments by the Bank of England on the issue, he said. Bank of England Governor Eddie George said on Friday sterling was currently too strong for Britain to join European economic and monetary union." BTW, I will be looking for the support level (and bottom!) in NEM for another ride up, VBG.