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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (44573)	7/10/2007 10:34:59 PM
From: Metacomet	Read Replies (2) \| Respond to of 78419

...the YEN is hurting and/or holding back a rise in the price of Gold. I believe the issue is that the YEN now becomes the favored vehicle for "flight to quality" investments, soaking up what would otherwise be gold investments.

To: John McCarthy who wrote (44573)	7/10/2007 10:41:15 PM
From: koan	Read Replies (2) \| Respond to of 78419

Hi John, always nice to see you, so to speak-lol. John: "I read (from various posters) all over SI that the rise in the YEN is hurting and/or holding back a rise in the price of Gold." I have seen that too, but would need to see the actual logic to make any assessment. If I had to guess I would guess it has something to do with the yen carry trade? I check the dollar/gold-silver correlation 20 times a day and it is still holding. Dollar is down tonight and gold and silver are up. If I run across anything or come up with an idea I will post it. Maybe soemone else has soem insight. cheers, Chuck