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Strategies & Market Trends : MDA - Market Direction Analysis

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Dec 2 4:00 PM EST

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To: j.o. who wrote (25939)	9/15/1999 3:52:00 PM
From: Fun-da-Mental#1	Read Replies (3) of 99985

j.o. - "dollar deterioration vs Yen ... reason to consider long gold position" Maybe it's a reason to consider buying Yen or Yen-based investments instead. I think there's two different arguments that can be made. First of all, the argument you always hear: a falling dollar may hurt the Japanese economy, and gold may become popular as a safe-haven investment. But on the other hand, if gold keeps a constant value in real terms, it might rise with respect to the dollar but fall with respect to the Yen. Basically the dollar is falling vs the Yen because of economic recovery in Japan and economic uncertainty in America, so that implies that while gold might offer capital preservation, Japan might offer more opportunities for profit. Fun-da-Mental

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