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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: goldsnow who wrote (21021)	10/7/1998 9:37:00 PM
From: Terry Rose	Read Replies (1) of 116791

goldsnow, "Everything changed after the G-7 meeting". Makes one wonder what was really discussed in the latest summit. U.S. dollar is heading south at any rate. The explosive move in the yen vs. dollar was extraordinary. Those leveraged hedge funds on the wrong end of the yen-dollar carry trade are now on life support. It will be interesting to see the body count over the next few days. This move is a preview of the liquidation of the gold-dollar trade. More fireworks to come. Terry,

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