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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: goldsnow who wrote (4860)	12/28/1997 7:56:00 PM
From: Bobby Yellin	Read Replies (1) of 116762

I guess I was a bit disappointed ...the only thing I could come up with is their telling their savers to buy gold..then reinflate big time to reduce their debt..valued in current yen and then let the traders go to town on less supply more demand..I was joking to a friend and said the way this market works..there would even be a run on dog poop if they thought there would be a strong demand for whatever reason and dwindling supply... what rabbit do you think the Japanese can pull out of their hat. if they have to settle their books by March..they definitely will do something shortly. I got a kick out of the news release by China saying to the effect of let foreign investors buy the bad loans.. wonder how this fits into the puzzle biz.yahoo.com and what happens if Raintree is right and oil goes to 35 or so a barrel and the yen is still weak...and the rain and pouring scenario must be terrifying to the Japanese..they have to get out of their situation since they are so dependent on importing commodities..

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