Dollar/yen ambush? Message Board

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Non-Tech : Dollar/yen ambush?

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To: ForYourEyesOnly who wrote (11)	6/18/1998 10:55:00 PM
From: Bill Murphy	Read Replies (1) of 95

Hello THC, Thank you. I have seen Frank Veneroso make these calls for years ( our only lemon has been gold ). I used to be his broker and saw him buy copper at 60 cents. It went to over $1.20 in a year. He bought bonds at 58 and sold them at 83. I sold the high tick for him. Mind you he was early, and we suffered in both trades before making a killing. We are now mega early in gold. That should mean an extra big payoff is coming. This has been difficult. Watershed day. I have been pounding the table about a big move for days now. Am still pounding. Watershed day. Trichet said Germany, France, and Italy will sell no gold. Bullish ( why not mention the Dutch, probably means we were right about them, they have been mega sellers ) . Rubin lost out to the state and defense departments about the dollar. This is a big day for gold. The tide has turned. Bill

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