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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (7722)	11/23/2001 8:32:49 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 99280

I don't expect a breach of $300, at least not this year. I stated before that the "signal" for a major readjustment in the dollar and thus gold, might very well be when our balance of payment deficits goes above $40 B monthly, we are far from that right now. am not sure you are going to get that next fall, however, the current weakness, is, IMTO, very temporary, and we may actually see the yen go to 135/140 yen/$ before we see it again under 110/115 Yen/$. As for the next retrenchment, yes it could be "only a 50%" (roughly to the 1628/58) area, but I still have a strong possibility of the decline getting all the way to the original target of 1458 (1425 max), depending on how we handle the 1625 area on the coming decline. Zeev