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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: Hawkmoon who wrote (37743)	7/24/1999 11:59:00 PM
From: Jim S	Read Replies (1) of 116768

Then why is the yen been constantly so strong and trying to get stronger, even though they pay a measly 1/4-1/2% interest on deposits?? Here we go again, Ron. Is the Yen getting stronger, or is the dollar getting weaker? Seems to me the buck is slipping against most other currencies, which in part is accounting for the rise in $POG. And, therein lies one of the big problems with a comparativly based dollar -- if other nations have the economic strength (and will), they can join to manipulate it. If the PRC devalues, as a number of recent posts here suggest, what will that do to the yen and the dollar? IMO, it will strengthen both, and help to lead both the US and non-Chinese Asia closer to recession. jim

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