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To: BGR who wrote (64534)	6/24/1999 11:11:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

BGR -- What do you expect AG to say -- 1) 'I am out to kick the market in the ass?' The Japanese clearly do not want a weak dollar, but they will get one unless they keep dumping yen -- and Rubin has said 'stop that'. What do you expect the Japanese to say -- 2) 'Up yours Rubin?' There is an uproar in the gold market over the BOE's announcement and there is a move in Congress and the Senate to block IMF gold sales. Gold is not only oversold -- there is the mother of all short positions sitting under it -- gold is not a goner -- its going to get its turn in this currency morality play. The BOE has helped to feed the shorts -- now they are going to have their D-day --the gold carry trade will collapse just like the yen carry trade did last fall.