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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.33+5.2%Nov 26 4:00 PM EST
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To: Rarebird who wrote (38286)8/4/1999 9:34:00 AM
From: Hawkmoon  Read Replies (1) of 116768
 
I don't see new lows for Japan. Perhaps at the very worst, a solid retest of the old lows and then a bull market.

Rarebird,

Have you looked at how low the Nikkei would have to go to retrace and perform a "solid retest" of the old lows???

finance.yahoo.com^N225&d=2y

Yes, that would be 13,122 reached just last year. Or close to a 35-40% retracement.

So let's see... Last Oct, both the Nikkei and Dow are being pummeled in the process. Greenspan lower rates in response to LTCM and floods the system with liquidity. Both markets go up.

Now why would Japan's market rise along with of the US?? Could it be our ability and willingness to absorb their exports upon which they rely upon from economic growth?

Hmmmm.......

And if the US economy is intentionally slowed down by Greenspan, who will buy those Japanese goods?? Who will support the Japanese economy? How will they get that Yen/Dollar exchange rate down?

Japan may well get a bull market after hitting those lows, but I'll wager they'll get it AFTER they have devalued their currency.

The difference between the US and Japanese economies is the difference between push and pull. Japan has been pulled along by the US.

As we weaken ourselves deliberately, they are weakened even more because no one is pulling them along, assisting them in avoiding the painful economic decisions that they have to make.

Regards,

Ron
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