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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%Nov 12 4:00 PM EST

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To: Activatecard who wrote (18511)9/11/1998 1:15:00 PM
From: Zardoz  Read Replies (3) of 116756
 
No because the hedge funds, banks, brokerages will short the YEN against the USD. So a satruation point is reached. And in the coming weeks, as the YEN falls, they will gradually cover. This has the effect of making the USD seem to be appreciating against other currencies. Watch the British Pound & the Mark... there is a problem in the making.

pacific.commerce.ubc.ca
This says a lot.
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