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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Alex who wrote (9278)	4/3/1998 8:22:00 PM
From: goldsnow	Read Replies (2) of 116777

Alex, allow me to give you my read on the current gold sentiment. Clearly upcoming May EMU decision on gold reserves plays a major role in rapidly changing sentiment for gold but also other commodities.. Aside from debatable concept that this would leave Greenspan virtually no choice at the next Fed meeting other than follow the market there is a Japanese situation...And here is my spin..All that silent war beatween Rubin and Japanese is not all about tax cut or nothing..Japanese know that tax cuts are not going to work in their society..All this petty cash will go right into their savings even worse..abroad once foreign markets will be open...Rubin must know this too..So the war must be about buying time for this administration to survive before the unavoidable judgement day.. Japan must sell Treasuries, it must strengthen yen (even if it means raising interest) and to do all of that while holding gun of relentless expansion into USA and USA dominated markets..dealing Russian Commodity game (oil, gas) for assistance (not in dollars one must add) None of the above is to Rubin liking..and I doubt if Clinton survives Zippergate his administration will be out of luck in Japanesegate...as translated into "obstruction of justice"

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