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To: goldsnow who wrote (28267)2/14/1999 11:35:00 PM
From: Ahda  Read Replies (1) | Respond to of 116764
 
Happy Valentines Day to all you here Hearts
as Dear as the Saint Himself was.



To: goldsnow who wrote (28267)2/15/1999 12:21:00 AM
From: Hawkmoon  Read Replies (2) | Respond to of 116764
 
Goldsnow,

Thanks for the great article. I think that was a fine example of just how bizarre and complex this interplay has become between the various currencies and their bonds.

Do you think that this interplay will continue to undermine gold?

The point being that if traders can sell dollars and buy yen, in anticipation of their March 31st book closing, they can make some fairly secure profits.

Then they can turn around and buy dollars at around 112 yen, as that is the point of pain for maintain Japanese export revenues/profits.

So long as there is continued interplay and jockeying between the major currencies, I wonder if gold will enter into the equation.

Thanks again for the article.

Ron



To: goldsnow who wrote (28267)2/15/1999 6:55:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116764
 
That was an interesting article but it really puzzles me as usual..
Japan hasn't appeared to pull itself out of its mire by low yen..
and with the giving away of money,it has hurt its consumers who are
getting next to nothing in interest rates..besides making a lot of
financial types even much wealthier by giving them some free money to play with..and creating a wealth effect here..not productivity,not
much higher salaries for the average person but paper wealth..and jobs..
The Japanese maybe shouldn't follow Horace Greenley(sp) or whoever it was and instead maybe should Go East..to their own consumer