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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.02

+0.7%

4:00 PM EST

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To: Jaakko who wrote (4184)	12/12/1997 3:43:00 PM
From: Al Cern	of 116844

Jaakko, Today, the Japanese have officially asked Washington to help them sell the bonds because - high rates or not - they need the money to bail out their companies. (from the John Crudele col. NY Post) What are the Japanese going to do with the $300,000,000,000? Will they exchange it back into yen? Highly unlikely when they can print as much as they want. Is it to defend the yen against attack? Possibly, but the end result is the same, you sell your foreign exchange. They could buy other assets, to try and protect against oil price increases. Are there any ideas out there? Sincerely, Al Cern

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