XAU, silver stronger
Gold, which had been up a little bit, gave up its gains, but the XAU was up a couple of percent. Silver did better than gold today. There was some interesting trade data out of Japan yesterday, which I neglected to mention because I wasn't sure whether it was an anomaly or the start of a trend. It appears that Japanese imports of silver rose to 100 tons in May compared with 461/2 tons in April. I can't really think of why that would be, and it will be interesting to see whether it is the start of a trend or just an aberration.
From Today's Market Rap with Bill Fleckenstein
stocksite.com
*****
Monthly contest for the stupidest thing said about the Year 2000 problem
<< Larry King, writing for USA Today: "I asked Ross Perot, who knows his way around computers, if he is concerned about Y2K. He said simply, "There are two sure cures. One, tell all the computers it's 1972. 1972 exactly apes 2000. Every day of every month is the same and will follow suit for 28 years, so that gives you that much time to correct the problem." Solution No. 2: Shut off all the computers, go manual for a while and reprogram. "We can live manual," the former presidential candidate said. He did not get rich being stupid, folks."
And since "72" is always greater than "99" all those date comparison routines you were worried about will be fine too. Also a side note to Larry: nor did he get rich giving away free advice ... more ... >>
duh-2000.com
:-))
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