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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: SOROS who wrote (52349)	5/30/2002 10:19:52 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

imagine Chinese firework with 1500-ft fuse in full view /jw

To: SOROS who wrote (52349)	5/30/2002 10:23:16 AM
From: Jim Willie CB	Respond to of 65232

interesting overnight currency action and talk from Japan last week the Bank of Japan tried to drive down the Yen it failed, and they blew $300M is my guess, maybe much more they want the Yen to come down, thus helping export prices but the currency market is too big and powerful at the end of that intervention day, Yen closed even lower than when BoJ began their buying of Dollars well, last night they made a WhiteFlag statement, like... "we will allow the currency market to determine the right value of the Yen versus Dollar" the Yen immediately gained almost 1%, which is a lot at the same time the Euro gained almost 1%, which is a lot the Dollar is now staring at another 200-300 pt decline that should enable gold to rise past #330 look at the Dollar decline for yourself quotes.ino.com / jim