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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 395.44

+0.6%

Dec 12 4:00 PM EST

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To: TobagoJack who wrote (14246)	2/9/2007 3:49:31 PM
From: foundation	Read Replies (1) of 218498

re: gold is at 666 ---------- Yen Gold Price Makes New Mutli-Year High Dan Norcini -- Posted On: Friday, February 09, 2007, 1:24:00 PM EST jsmineset.com Dear Jim; I am attaching a set of four charts a bit earlier in the day than normal since we have had what I consider to be something of significance that should be brought to the attention of the community. The yen gold price has made a new multi-year high today and in overnight trading on the TOCOM. They bested the yen per gram price that had held since September 1985. That is quite remarkable. I made some notations on the chart explaining the significance of this. Also, yen silver is threatening to do the same while Euro gold has now exceeded and held above the psychologically significant €500 level. It is obvious the Japanese monetary authorities have made the deliberate choice to sacrifice their national currency so the carry trade game can continue and their export markets can remain competitive. The real victims of this policy are the average Japanese citizens who are terrific savers but whose savings are being plundered by these self-same monetary authorities who are charged with the stewardship of preserving the value of their nation’s currency. Gold is reacting to what is axiomatic – paper fiat currencies lend themselves to abuse by politicians and bureaucrats. I look for continued support in gold to come out of Asia in particular as I do not see this situation resolving itself any time soon. Right now the Forex markets are discounting any statement on the yen coming out of the ongoing summit and the yen is sinking even further as a result as yen bears are going after it with a vengeance. One has to wonder at this point if the Japanese monetary gang is even going to attempt to slow its downward slide. Best wishes from your pal, Dan Click here today’s charts on Gold and Silver from Trader Dan Norcini: jsmineset.com

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