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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (1377)	10/6/1998 7:16:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81318

THC --- The platinum chart looks weak and so do the stochastics. digisys.net There is a strong support level at about $340 but whether that will hold is another matter. The particular problem that you have is that working in yen does not simplify the picture, but complicate it, as you have two variables to deal with, instead of one. And the variables are working against each other. So, if the dollar weakens and the yen strengthens the platinum price in yen falls. And, if the yen strengthens and the platinum price, in dollars falls, you are hit by a double whammy. The time to buy platinum in yen is when you are confident that the yen is getting weaker and the platinum price, in dollars, is getting stronger. I don't think studying graphs of the platinum price in yen gives the full understanding of the situation and, in fact, may be deceptive. "Support levels" of the platinum price in yen presupposes that the Japanese market is the major market for platinum AND the major determinant of the yen/dollar exchange rate --- which is clearly not true. The yen price is the RESULTANT of what occurs elsewhere. Be well