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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.54

-4.4%

4:00 PM EST

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To: Bobby Yellin who wrote (9344)	4/4/1998 11:58:00 PM
From: Bob Tate	Read Replies (1) of 116763

<<Really curious about what Japanese are going to do..they could really create a bull market in gold either way..they can continue to ignore their fundamental problems..or they could fix them and use gold as one means for currency stability..the lower the yen goes..the less likely the prudent Japanese savers would want to have their assets in yen denominated holdings..>> We have seen Flight to Quality while south east Asian markets crashed. Is it possible we may see second Flight to Quality with Japan problem. How will it effect DOW ?

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