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Gold/Mining/Energy : Gold Price Monitor
GDXJ 129.86+4.7%Feb 3 4:00 PM EST
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To: Hawkmoon who wrote (40072)9/6/1999 5:30:00 PM
From: goldsnow  Read Replies (1) of 116959
 
The yen approached an eight-
month high against the dollar and its strongest level against the
euro amid optimism that Japan's brightening economic outlook will
prompt investors to shift more funds to Japan.

Foreigners bought 782 billion yen ($7.1 billion) more shares
than they sold in August, according to the Tokyo Stock Exchange.
For 31 weeks out of the last 32, international investors were net
buyers of Japanese securities, helping drive the yen up 4 percent
against the dollar since Jan. 1.
``We remain long of the yen,' said Tony Norris, who helps
manage more than $300 million at First International Advisors
Ltd. With evidence Japanese growth is on the mend, ``the trend of
a weaker dollar and a stronger yen' is intact, he said.
quote.bloomberg.com
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