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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: ahhaha who wrote (13120)	6/14/1998 8:49:00 AM
From: Amelia Carhartt	Read Replies (1) of 116798

Ahhaha: Forgive my simple mindedness. But, this stuff makes my head swim. It's like trying to get to the end of a circle. Aren't there really two interest rates? One the FOB has control of and one the market controls? The FOB can control the bank rate but the market control's the bond rate does it not? If I were Japan why wouldn't I hope for a further quick, sharp yen devaluation and then dump my bonds? True you would give up the higher interest but if they have any confidence in themselves at all the currency gain would outstrip the interest loss. Even if it took them a couple of years to reverse course. What keeps them from doing this? Of course if they do that bond rates will rise and the US stock market will crumble. At what point will Japan view investing in itself a better buy than US bonds? It seems to me, if and when that happens watch out below! Any thoughts and comments appreciated.

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