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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (13625)	6/22/1998 2:16:00 AM
From: Investor-ex!	Read Replies (2) \| Respond to of 116753

George, ...all the major plyers [sic] except the hedge funds now want reflation in Asia and a weaker dollar. This is interesting, in that the stated goals appear at least somewhat contradictory. Reflation in Japan would weaken its currency. If this reflation is in fact already underway, it would go a long way in explaining the accelerating pre-intervention weakness in the Yen. In response to Japan's reflation, the dollar and most Western currencies would strengthen. The dollar would trade lower only through forced intervention, which is what appears to be happening. Longer-term, the only way to make these outcomes stick would be to inflate in the US at a higher rate than in Japan!