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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Ahda who wrote (61989)	12/14/2000 12:48:53 PM
From: Hawkmoon	Read Replies (1) of 116762

do you recall exactly what bonds and the why the the US long bonds were retired in favor of shorts? Not being much of a bond guru, I really can't offer an informed opinion.. But I would suspect that it has something to do with the greater liquidity in shorter-term bonds, and the US govt needing someplace to park that surplus tax revenue they are receiving (some $230 billion in 2000 alone). Since it belongs to the SS trust fund, they have to issue T-Bill debt against it and apply the surplus SSTF revenues to the govt budget. Regards, Ron

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