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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (29070)	3/4/2003 10:41:15 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

Bugos article points out several key targets with currencies some very large implications to gold but more importantly right now, big implications for import prices from Japan and Canada this spells almost imminent dollar breakdown, and gold upleg resumption got a nice "W" rectangular pattern bullish for Canuck$ loony target is 69.5 cents which will fortify any US holdings on Canadian Juniors or any other Canuck stocks since early January, Canuck stocks have been buffeted by about 5% from the C$ rising from 64 to 67.7 cents here the momentum swing will take from 62.5 to 66, next to 69.5 but in my view the big big biggee is the JYen that a huge breakout is imminent a strong clear powerful Head & Shoulder bull pattern THIS H&S IS A MORE MEANINGFUL NEARTERM PATTERN from base of 75 to breakout point of 86 target is 97 therefore this translates to about 103-104 in yen terms now at 117 or so the JYen move up will silence all who believe that the Bank of Japan can continue to thwart the import/export capital flows with the Japanese trade surplus at 2.5% of GDP, the govt cannot hold back the tide for much longer as they lose control, the makeup effect will launch the JYen some on SD2 believe that "since the region needs a weaker JYen currency, a strong JYen cannot happen" well, watch and learn !!! HUGE IMPLICATIONS FOR JYEN RUNUP BREAKOUT BIG PRICE INCREASES FOR JAPANESE IMPORTS e.g. stereo equipmt, camera equipmt, engine components, tech components, some cars (since many made in USA) this would cripple the Japanese economy, since the Chinese Yuan is pegged to the US$ so the Japanese mfrs would lose badly on price this JYen breakout could lead to a Yuan revaluation upward please pay note here, Slider even chart expert extraordinaires can learn macro-econ tricks safehaven.com gold bears dont focus properly on these currency charts the USDollar is about to break down again we have seen the lows in gold on this cycle 50MA and 200MA still clearly trending down we are about to knock against the 50MA soon in recent resolutions, US$ fell just before touching the 50MA like now stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G / jim