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To: goldsnow who wrote (29717)3/10/1999 8:59:00 PM
From: Little Joe  Read Replies (2) | Respond to of 116762
 
From Kaplan's report today.

Wednesday's COMEX gold estimated volume was a moderately light 29,000 lots. Total COMEX gold open interest on
Tuesday plunged 13,800 to 182,305 contracts. This is quite bearish, since a few repeat performances would soon
exhaust the former 71,000+ commercial net long position.

I am watching this closely. This rally has been suspect to me because of the lack of leadership from XAU and because in general it has seemed anemic to me. I think we are still basing.

Live long and prosper,

Little joe



To: goldsnow who wrote (29717)3/11/1999 4:37:00 AM
From: Bobby Yellin  Read Replies (1) | Respond to of 116762
 
"The key to the success of the yen carry trade was the
persistent one-sided weakness in the yen which allowed
investors to take positions on two sides of the arbitrage
portfolio."
still curious who this actually helped primarily..the hedge funds..
the exporting inflation abroad..