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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (1085)9/30/2003 11:18:08 AM
From: Jim Willie CB  Read Replies (1) of 108704
 
USGovt begins to intervene to rescue the US$ versus JYen

we blew $140 billion so far this year in unsuccessful intervention
Japan blew $70B
what a waste of capital
together, this money could have outfitted half of American households with a fuelcelled car

so the USGovt and BoJ have decided to give FOREX traders a chance to buy the Yen a little cheaper by noontime
what idiots?

by next week, we will see Yen at 91
it got to 90.7 as the highest I saw
nearterm target is 92-93
longterm target is parity 100

/ jim
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