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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 (6646)	1/23/1998 11:59:00 PM
From: Abner Hosmer	Read Replies (1) of 116759

US TREASURIES EXTEND LOSSES ON LONG LIQUIDATION, DOLLAR WEAKNESS economeister.com >>Currently there was talk of a Japanese account selling the long end -- possibly Kampo, the Japanese postal union pension fund. Throughout the session, there has been talk that Japan Life companies have been lightening up on foreign bonds and putting the money back into Japanese stocks. Last night Japanese buying dried up for the first time in several sessions and some actual selling was seen. Also pressing prices lower were comments from Richmond Fed President Alfred Broaddus who said the economy was more likely to acceleration than decelerate.<<

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