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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: John Hunt who wrote (27373)	1/31/1999 5:31:00 AM
From: John Hunt	Read Replies (1) of 116767

Japan Gets Ready, Our Turn To Worry << The biggest financial and economic news of the year so far came last Tuesday, hardly noticed by the media. On that day the Japanese bank regulatory authorities issued a set of tough, even brutal guidelines for the banks on the loan-loss reserves that have to be taken against bad loans. They came as a big shock to the Japanese banks. But investors seemed to like the news and bid up the Japanese bank stocks, which were the reason for the Nikkei's rally this week. -- cont'd -- >> nypostonline.com

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