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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.03

+3.0%

Nov 7 4:00 PM EST

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To: Bill Grant who wrote (5509)	1/10/1998 9:38:00 AM
From: Dwight Taylor	Read Replies (1) of 116753

Bill-- re: I believe Japan has been selling US Treasurys for at least a couple of months, and may be quietly accumulating gold. Wouldn't that be something. The Japanese announce they are no longer in need of US dollars, for they have a hedged gold position. Gold would come back strong at that point. I wonder if Hashimoto et al are aware of AG's position on gold. It would be quite an embaressment to the US. For it is the Fed's Chairman having gone on record supporting the gold std.

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