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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)	6/18/1998 12:33:00 AM
From: ahhaha	Read Replies (1) of 116857

There is no problem with increasing the float of long term bonds. There is no problem with decreasing them. I sense the Treasury wants to keep the quantity down because the interest can be bothersome and can turn into a political hot potato. We just disagree about Rubin manipulating the supply. There is no reason for him to try that and the rest of the department would flip if he suggested it. The press would be all over him. Clinton would accelerate his retirement. What benefit accrues from that effort? By the way both the short and long bonds have about the same yield. That indicates that the market thinks there is zero inflation even though there is a huge premium on the well-known US propensity to inflate.

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