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Gold/Mining/Energy : Gold Price Monitor
GDXJ 117.61+3.0%4:00 PM EST
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To: Ahda who wrote (8235)3/11/1998 5:34:00 PM
From: Bob Tate  Read Replies (1) of 116815
 
I'm more interested what will Japan do with sale proceeds holding such mount of
US $.
If Japan sells US bonds and :

1. Buys (converts to) yen to invest in Nikey as they stated .
This will move yen up and reduce international competitive edge.
This was not their option as of last year.
2. Buys gold. POG goes sky high. It was mentioned by them last summer.
3. Buys Euro. This will not effect yen or gold directly

I think FEDS mentioned last year if there is such sale there would be enough new liquidity
to absorb it. Simply saying they will print enough new $$ . IFLATION. This in turn
may bring interest rate hike down the road.

Make your choice.
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