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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: xcr600 who wrote (13009)4/1/2004 9:21:34 AM
From: Tadsamillionaire  Respond to of 13094
 
Read the latest from Lou Dobbs.. US news and world report.
His trade story hits the issue on the head...jmho.



To: xcr600 who wrote (13009)4/1/2004 10:02:51 AM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Yes, it's all smoke & mirrors, nothing is as it seems. This minute, platinum & silver are going nuts this morning. The metal rats will do well today.
Of course, the rise in commodities, like oil, copper, soybeans and everything else has a base in the debasement of the dollar.
Message 19975895
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As for Japan, they don't have a spendthrift consumer society like we do, so they have to export, but they really blew a lot of Yen. But since it is all paper & digits, it probably means little in the big picture..



To: xcr600 who wrote (13009)4/1/2004 2:31:40 PM
From: James Strauss  Respond to of 13094
 
The unexpected resilience of the dollar - which is up against the euro and down marginally against other major currencies this year - is a result of an extraordinary market manipulation by Japan, which has spent nearly 15 trillion yen, or $142 billion, to prop up the dollar to help Japan's exporters sell abroad.

xcr:

Japan can't afford a cheap dollar that would make its goods less competitive with ours in their markets... They must be running out of yen or smell a U.S. interest rate increase down the road... Perhaps that road is getting shorter... The jobs report tomw may give us a clue...

Jim