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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (36209)	6/30/1999 10:26:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116972

''Everyone wants to sell dollars for yen,'' said Tetsu Aikawa, a foreign exchange manager at Sanwa Bank Ltd. ''There's concern Japanese interest rates are headed higher following yesterday's remarks by (Bank of Japan Governor Masaru) Hayami.'' The dollar fell to 120.86 yen from 121.10 yen in late New York trading yesterday. The euro was little changed at $1.0365, compared with $1.0351 in New York. At current levels, the U.S. currency traded near yesterday's low of 120.55 yen, its weakest since June 21, touched after Hayami suggested that the Japanese central bank will abandon its policy of keeping the interbank overnight loan rate near zero once the economy shows sign of recovery. Hayami said the economy has ''apparently'' stopped deteriorating, adding that ''I fully realize that our current policy of keeping short-term interest rates zero is an extraordinary step, and that we cannot maintain it indefinitely.'' Mounting optimism that Japan's worst recession in half a century has finally come to an end helped boost Japanese stocks and government bond yields, increasing demand for the yen to purchase those securities. quote.bloomberg.com

To: Zardoz who wrote (36209)	7/1/1999 3:37:00 PM
From: sea_urchin	Respond to of 116972

Hutch : <You know I'm long, and you wanted to cheer with me? Gold is so easy to figure out.> I'm happy to cheer with you but easy to figure gold --- yes/no. From my regression analysis --- it's still early days. From my experience in the bear market --- a burned child dreads the fire. From my experience with ladies who beckon --- fools rush in where angels fear to tread. From the biography of a famous, dark haired Presidential concubine --- one swallow doth not a summer make! Keep it cool