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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: Bobby Yellin who wrote (13329)	6/17/1998 1:58:00 PM
From: Henry Volquardsen	Read Replies (1) of 116857

What the Treasury did a few years ago was shorten the maturity of its borrowings. You can call this manipulation if you wish but by shortening maturities they have saved US taxpayers a significant amount of money. I was very critical of this shortening when it took place but it is one of the smartest things this the Administration has done. And believe me, it is painful for me to say anything nice about the Clinton Administration.

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