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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

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To: Activatecard who wrote (18480)	9/11/1998 10:32:00 AM
From: Zardoz	Read Replies (1) of 116756

I think Japanese banks and BOJ are pulling foreign assets, and bringing home there YEN to meet the new capital requirements & liquidity promises. And this is driving the run-up in gold. By way of USD sell off. The yen should be trending to 150, but isn't. Must be cashflows. PS: I'm much more concerned with that T-bill bubble forming. Right E, Charters! What happens if the FED doesn't lower? The spill out from the bond markets will be very interesting. Than I would say all hell may break loose. Any comments? I see weakness in the Gold stocks, in Canada. ABX backing off.

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