Nikkei Down -9.6%!
Nobody wants the US dollar, not even the Japanese. Asian crisis got nothing… this is World crisis buddy!
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Ah, but it looks like the Japanese Yen comes out on top:
The dollar plunged against the low-yielding Japanese yen, falling over 6% to 92.52 yen. The British pound plunged against the dollar.
http://www.marketwatch.com/news/story/us-stock-futures-blasted-after/story.aspx?guid=%7BC3EECFD2%2D9B1D%2D4B8F%2DB940%2DCC65DA05D05C%7D
Gold is up today. probably due to the carry trade. Japanese buying gold?
GG
GLD
AUY
… still not buying gold. Target entry for gold is early to mid November. Gold Rush 2009.