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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.21-0.4%Dec 18 4:00 PM EST

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To: Ahda who wrote (8235)3/11/1998 3:52:00 PM
From: Richard A. Green  Read Replies (2) of 116815
 
I would think that selling bonds would depress their prices, resulting in a corresponding increase in the interest yield. According to Marty Weiss, the bond market has been declining since the beginning of the year, which drove interest rates up to 6.1% last week. He warns that Sakura bank holds $408 billion in us assets and bonds (larger than citibank!!) The bigger risk is the derivitives exposure of the large US trading partners (Chase, Morgan, Citibank, Bankers Trust, etc.) because the risk is so leveraged compared to their equity.

Best wishes,
Richard
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