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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Abner Hosmer who wrote (5159)1/3/1998 5:10:00 PM
From: goldsnow  Read Replies (1) of 116759
 
>>>because it would be disastrous for Japan to accomplish this by raising their own rates.>>>

Tom, I think it is not desirable, but it is disastrous not to, once Yen breaks down decisevely.. Japanese no longer can afford to issue warning and watch.. That what Rubin has to contend now: either Nikkei collapses and Yen slides to 14o-150 level or something needs to be down to avert it. Japanese run-out of ammunition except grenade strapped to their belt.. And their interest is no longer Rubin interest.. I submit events are out of Gvn control. I do not know what surprise Mr. Yen was talking about
,.. but he was totally rebuffed by markets..
Buy gold? Raise interest? Give every American free Sony with Honda purchase?
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