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


To: Richard Mazzarella who wrote (65026)3/7/2001 7:31:02 AM
From: TATRADER  Read Replies (1) | Respond to of 116756
 
just following your advice, "Sell it, and sell it often!" One of the best TA indicators is the RMI(Richard Mazzarelli index)...Whenever you get violently upset with gold, seriously, I get very interested and study my charts even harder..good luck to us, hopefully my XAU target of 58-59 will soon be in the cards....



To: Richard Mazzarella who wrote (65026)3/7/2001 8:10:53 AM
From: long-gone  Respond to of 116756
 
Wednesday March 7, 1:12 am Eastern Time
Hayami remark didn't suggest plan for easing--BOJ
TOKYO, March 7 (Reuters) - Bank of Japan (BOJ) Governor Masaru Hayami did not suggest on Wednesday that the central bank planned to take quantitative monetary easing steps by pushing down the yen, a BOJ spokesman said.

Earlier in the afternoon, Hayami said in a speech to business leaders and journalists that intervention to drive down the yen was among policy options presented to the central bank, but he urged caution.

His comments triggered active selling of the yen by foreign exchange traders.

``His remark was presented as a general example (of possible options), but he did not suggest the bank planned to carry out quantitative monetary easing through intervention to push down the yen,'' the spokesman told Reuters.

Quantitative easing refers to such policy tools as funnelling more liquidity into the banking sector, promoting outright purchases of long-term government bonds, and not offsetting surplus liquidity after yen-selling operations in the forex market.
biz.yahoo.com