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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (6779)1/27/2004 12:26:35 PM
From: Jim Willie CB  Read Replies (2) of 108589
 
JYen is about to break out, now at 94.9
despite all moronic Bank of Japan intervention

full objective to bullish Head & Shoulders here is 100
low of 74, high of 86-87
that is 12-13 pts of potential when it got above 87

stockcharts.com[h,a]waclyyay[df][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G

they blew $189 billion in 2003
they have lost 5% on most of that
which means $40-45 billion on lost value AFTER intervention

vonMises warned that once major currencies begin to compete for devaluation, they put their entire economies into a downward spiral
not risk of damage, but ACTUAL damage

Japan did this for over a decade
now the USA is to experience the damage

I have been watching the JYen exchange rate like a hawk since last summer
it is the harbinger for Asian imported product price inflation

a quote from Corrigan's article:
With export prices now rising at their fastest in over eight years; with core crude PPI up by a third in just two years; with unfinished import prices up 20% in that time; and with finished import prices up 6.7% annualized since the start of spring—again, nearly a 9-year high


once past 95, the JYen should shoot straight to 100 parity

/ jim
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