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To: Zardoz who wrote (45499)	12/2/1999 2:29:00 PM
From: lorne	Respond to of 116762

Hayami: BOJ determined to halt yen's appreciation Yomiuri Shimbun Bank of Japan Gov. Masaru Hayami on Wednesday said that the central bank was determined to halt the continued rise in the value of the yen by maintaining money supply in the market. "It is our hope that the foreign exchange market will stabilize as soon as possible, and we support the action taken by the Finance Ministry in the market," Hayami said in a statement. The statement expressed the Bank of Japan's determination to stop the appreciation of the yen, which is nearing 100 yen against the U.S. dollar. In recent weeks, the central bank had been seen by market players as reluctant to take steps to stop the yen's rise. Hayami said, "The central bank plans to supply enough money to the market to prevent fluctuations and ensure the stability of domestic financial transactions." His comment has been taken to indicate that the central bank is seeking to overcome deflationary pressure by drastically easing its monetary policy. "The Bank of Japan is working to provide abundant market capital, while coming up with funds needed to intervene in the market. Today we have implemented measures to ensure that a large amount of capital stays in the market," Hayami said, emphasizing the bank's position of easing its monetary policy, and also making use of the injected capital to intervene in the market. Following Hayami's announcement, there was speculation that the Bank of Japan had decided to further increase the yen's liquidity. The United States is expected to offer to intervene on the condition that the Bank of Japan agrees not to withdraw the injected capital from the market. Some market experts speculate that if the central bank complies with the demand, the United States and European nations would step in and help halt the rapid appreciation of the yen. The central bank is denying that it has changed its monetary policy, according to a bank official who said: "The Bank of Japan has supplied the necessary capital, including intervention capital, and we have not changed our monetary policy." yomiuri.co.jp

To: Zardoz who wrote (45499)	12/2/1999 8:20:00 PM
From: d:oug	Read Replies (2) \| Respond to of 116762

<<it's the motive behind the trigger that matters>> Hutch Correct what you said, too bad you do not understand what you said. <<Gata never got it, never will.>> If GATA will be successful or not will be knowned next year, and not by you if they are since you have already rejected the good and normal and healthy those things GATA is fighting for. <<learn to speak for yourself>> Thats the easy part we all can do, its knowing yourself thats the very difficult part that few can do. Example, you Hutch speak very quickly and accept what you say as "self", but unknowned to you Hutch is the fact that you have been conditioned to the extreme degree that you are unable, as in restricted, to debate yourself. Hard for you to make sense of what I just said since your condition does not allow this type of information, so let me state it as such that it will not be reconized but as a folly act. Ready Hutch, go to an small barren room except for a single hard box to sit upon, turn off all lights so near total darkness occures, also make sure all sounds and movement do not occure, and now with your senses only aware of what you are thinking, now listen. You will be troubled, feel fear of yourself. The high and mightly Hutch, no match when only himself is available. <<I doubt that anyone here can.>> Which begs the question "Why speak to us who do not know and are not able to understand your wisdom and truth" ? <<What are they [GATA] trying to prove>> Prove ??? Sorry Hutch, its a battle between Good & Evil. <<"that they are right?">> Again Hutch you miss the point of what GATA is about. <<Then they[GATA] must be missing something. My guess is it's a basic understanding of the market place!>> Sorry again Hutch, you only see what continues your excellent track record in making money in derivates, which is quite simply your agenda to continue, which means to support all that currently exist thru its creation long ago that allowed you to work inside what was made. <<Parrots get boring after the novelty wears off.>> I am never bored, even posting to donkeys, Ron Reeces and Hutche(s) serves a purpose. Can't fully understand correct unless contact is made with the opposite. Doug

To: Zardoz who wrote (45499)	12/3/1999 7:56:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116762

Notice that the slide in gold today and last few days occurs when London is open, and before NY opening - see Kitco - what is the reason do you think? d