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Strategies & Market Trends : Natural Resource Stocks
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To: Jim Willie CB who wrote (7630)2/12/2004 7:16:49 AM
From: fastmetals  Read Replies (3) of 108766
 
Thank you JW and Iso for the response and new charts. I understand you thoughts on the Yen, but still there is some expectations that intervention will occur in the rise/fall of the Yen/Dollar from this point.

I am about to purchase another Japanese High Speed Machining Center, the increase in price from the last one purchased one year ago doesn't reflects the amount the Yen has risen. (About 4 percent) Without a doubt, the machine tool builder is screaming about the need to raise prices more, but competition holds them back. Hence the need for the buck to strengthen for a few months.

Long term, I still expect the buck to slide much further but the need to relax a little and rest here is of the most importance, otherwise as you have stated, panic will occur.

Fastmetals (We machine Aluminum very fast!)
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