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To: Crimson Ghost who wrote (93697)8/14/2001 10:35:11 AM
From: t4texas  Read Replies (1) | Respond to of 95453
 
more to do with japan's actions last night

agree with you on lease rates, but i thought the price of gold short term (today) had more to do with japan's easing actions and yen weakening vs. dollar.



To: Crimson Ghost who wrote (93697)8/14/2001 11:21:06 AM
From: ldo79  Read Replies (1) | Respond to of 95453
 
George, I agree.

Might the morning reverse in the POG have something to do with this?

Tuesday August 14, 11:06 am Eastern Time
IMF-U.S. current account unsustainable, dollar at risk
By Anna Willard

WASHINGTON, Aug 14 (Reuters) - The U.S. current account is unsustainable and could mean the dollar is at risk from a sharp depreciation, the International Monetary Fund said in a report released on Tuesday.

biz.yahoo.com

EDIT - As I was writing that the $USD was tanking. The chubby lady is tuning up again.

Regards,
ldo79



To: Crimson Ghost who wrote (93697)8/14/2001 12:37:31 PM
From: rails99  Read Replies (4) | Respond to of 95453
 
Per Bloomberg - In so many words "IMF states the US Dollar faces sharp depreciation"