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Non-Tech : Invest / LTD

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To: wlheatmoon who wrote (4250)	10/14/1998 11:56:00 PM
From: Lucretius	Read Replies (3) of 14427

you are exactly right on a psychological basis, but the fundamentals are hedge funds being forced to cover shorts in Asia and buy Yen, while selling dollars and the US stocks. Foreigners know this and are selling dollars in advance. Note that tonight Asia is down so the Yen is down. (the hedge funds don't have to cover shorts) When we begin to sell off tomorrow or Fri, Japan will likely dump at first when we do, then begin to climb and we'll rebound slightly. then Japan should soar, and we should crash. The exact relationships are a little difficult to see as far as daily timing but that's the rough outline. I used to think Japan would make one more panic move down, but now I think it has already bottomed and is going nowhere but up. Dollar selling is now picking up!... gold could soar tomorrow. Hope everybody held on to their golds!!! Remember we're in it for the long haul (G) BTW- to all former drillers... the drillers are apporaching buy range for me to begin taking an intial position. Not quite yet, but they are getting close. I'll let you know when I start buying. The drillers shall RETURN! -Lucretius

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