SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bobby Yellin who wrote (44408)11/1/1999 8:48:00 AM
From: goldsnow  Read Replies (2) of 116762
 
Something got to give?....Or rampant inflation is the end-game?

"The yen gained in earlier trading amid expectations
investors will channel more funds into Japanese stocks, boosting
demand for yen to buy shares. That offset expectations that
rising U.S. stocks and bonds will fuel demand for the U.S.
currency. The dollar was little changed against the yen at 104.27
yen from 104.15 Friday.

Economic reports released in Japan on Friday, including an
unexpected decline in September's jobless rate, suggested the
recovery will continue. Expectations for more government spending
and a rise in Japanese stocks today also buoyed the yen.
``The recovery of the Japanese economy is the justification
cited for' holding yen, said Paul Chertkow, global head of
currency research at Bank of Tokyo-Mitsubishi.

``Everything -- foreigners buying Japanese stocks, Japan's
additional economy-boosting steps and hope for rising gross
domestic product (for the July-September quarter), due December,
suggest the current strong-yen trend won't change soon,' said
Takeshi Hanai, head of foreign exchange at Industrial Bank of
Japan Ltd. in Tokyo. He expects the dollar to be as low as 102
this week.

quote.bloomberg.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News