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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: marynell who wrote (66027)3/18/2001 11:43:38 AM
From: russwinter  Read Replies (1) of 116759
 
I believe it is actually "foreigners" who are 45% holders of UST's. Of course the Japanese are the largest of that group. The point is that this (UST's)is a ready and liquid source of capital for repatriation. Currency prices are driven by capital flows and I am perplexed as to how the Yen drops meaningfully from here given the circumstances of this. Japan is the creditor of the US, not vice versa. Are they really going to send us more capital when their banks and insurers will need it?
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