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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.42

+2.2%

Jan 27 4:00 PM EST

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To: Zardoz who wrote (6836)	1/27/1998 1:20:00 PM
From: IngotWeTrust	Read Replies (1) of 116927

2 ans. Ur Q directly, Hutch, I BELIEVE FED'LL EASE, thereby "sanctioning" the reality of our own Bond market who has ALREADY eased almost 3/8 point from last "tightening." The best foreign CB's can hope for is that Fed maintains... Because the bond market has already spoken. You see, there are a few anomalies currently inflating our bond prices and driving down our interest rates... It has to do with German moving massive amounts of money from their 10yr bund market to our 10 year Bonds to get them out of their "EMU" deadlines... You see, it is my understanding Germany's 10yr Bunds will be marked to EU's on the day of "membership"...to keep from losing anything in the shift, even 10 basis points, it has been easier to transfer funds to US bond markets, fueling demand for our paper driving up prices and lowering interest rates... plus acquiring a dead-bang genuine Reserve Currency Deriative into US dollars should all hell break loose in the interim... I'll tell my boy what you said, and thank you! O/49r

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