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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: long-gone who wrote (62271)	12/27/2000 11:44:51 AM
From: Hawkmoon	Read Replies (1) of 116759

I would pay more attention to the downward trending Yen. It would seem that the heady days of the Yen/Dollar carry trade have returned to us once again. Japan's GDP decreased .08% over the expected .01% forecasted. CNBC stated that Japan is now officially pursuing a "weak Yen" policy. Not good for the US trade deficit... But very good for US companies who export components from there and resell end items domestically and to Europe. Note that I say Yen/Dollar, and not Yen/Euro, carry trade. The Euro is strong short-term and may be trying to find a bottom here abouts, but long-term they will suffer economically from a US slowdown. Regards, Ron

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