Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: long-gone who wrote (15484)	8/7/1998 5:25:00 PM
From: Robert Morris	Read Replies (1) \| Respond to of 116756

Internet Goldbug Guru Steven Kaplan is back from vaction, and he is now saying "BUY YEN!!!--Last Friday's traders' commitments show the largest net commercial long ratio among all commodities and financial instruments in--the Japanese yen! With a virtually unanimous consensus that the dollar will soon be worth 150, or 160, or 200 yen, the commitments show speculators long 3,130; short 41,054 (more than 13:1); commercials long 99,801, short 46,616 (more than 2:1). These kinds of number are virtually unheard of for any financial instrument at any time. About the same number of people will buy the yen as bought S&P500 index puts in mid-July (i.e., basically no one), which in itself tells you that it's the profitable course of action. Be the first on your block. Continued.... investor1.com rw