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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.34+5.2%4:00 PM EST
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To: Alex who wrote (8444)3/17/1998 11:14:00 PM
From: Terry Rose  Read Replies (3) of 116768
 
Alex, Japan has only two options that I can come up with to defend their currency. 1. Sell other currency assets and buy their yen (not print it} 2. Raise their short term interest rates. These idle threats are getting old and pointless. If the bond market goes back to 6%, they are going with option #1.

Terry,
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