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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: EL KABONG!!! who wrote (19428)6/3/2002 4:50:54 PM
From: smolejv@gmx.net  Read Replies (3) of 74559
 
>>Take note of how this article says the Japanese are "protecting" the value of the yen versus the value of the dollar... In the US, we affectionately call this "pissing into the wind"...<<

well, seen from a different angle, ROW is realizing that a dollar of treasuries and other family jewels out of the US chest is not worth 1$ (of Au, eu etc) anymore.

PS: eu/$ 0.94 and counting, Au closing on 328
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