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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Enigma who wrote (9300)	4/4/1998 9:25:00 AM
From: Crimson Ghost	Read Replies (2) of 116764

Wonder if the recent jump in POG reflects the beginning of open financial warfare between the US and Japan (and other Asian nations as well) A few days ago hedge fund manager James Cramer wrote that Rubin had given the green light for an all out attack on the yen to force Japan to comply with US wishes. Perhaps the strength in POG reflects the Japanese response? If US seeks to crash the yen, they may move to crash the US market by pushing gold much higher. Just thinking out loud, but this scenario does make sense. At least to me.

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