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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.04+0.4%Nov 11 4:00 PM EST
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To: Dwight Taylor who wrote (5497)1/9/1998 2:59:00 PM
From: Richnorth  Read Replies (1) of 116755
 
Hi Ben,

Here's my 2 cts. worth on why Hashimoto did not immediately follow through.

1. He knew the US and allies were prepared to counter what he had in mind;

2. He was apparently waiting for the pog to recover before pulling the trigger;

3. The US and allies countered that possibility by driving the pog down by direct and indirect means.

I am not really sure of #2 above because in a way it seems somewhat contradictory. But anyway, those are my thoughts, FWIW to one and all.

Richnorth
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