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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Ahda who wrote (38028)	7/29/1999 9:48:00 PM
From: goldsnow	Read Replies (1) of 116758

The jobless rate jumped to a larger-than-expected 4.9 percent in June from 4.6 percent in May. That's seen darkening the prospects for Japan's economic recovery. A recovery would lead to higher stock and asset prices, luring investors to buy Japanese currency with which to buy those assets. ''The yen was sold as Japanese stocks fell and bonds rose,'' said Tetsuhisa Hayashi, a foreign exchange manager at Bank of Tokyo-Mitsubishi Ltd. ''The unemployment rate will worsen. The dollar could rebound to 117 yen today.'' quote.bloomberg.com 117? How about down to 115.50 at this time, now that is really not good for the dollar...should make Market really nervous

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