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Gold/Mining/Energy : A Deadcat Bounce
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To: Ed Pakstas who wrote (78)12/18/1997 1:10:00 AM
From: Tommy D  Read Replies (1) of 97
 
Bizzare as it may seem, the price of gold went up in Asia about the same time as Japan announced their tax cut. Markets in Asia reacted positively and seemed like cuts might bring stability and the price of gold goes up. Strange logic unless the assumption is that in time a stengthened Japan economy will weaken the U.S. dollar. Its the only way to me the bounce makes any sense.

Regards Tommy
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