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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: long-gone who wrote (28650)	2/20/1999 4:59:00 PM
From: GST	Read Replies (1) of 116857

Right--me too. But what do you think about yen/gold. Some people see their fates entwined -- do you? II used to, but I think they are either uncoupling or never really were except in our imaginations. Japan is aging. They have bucks a a little bit of freedom. They have a government going into debt like never before to spend money that the people themselves have refused to spend. And they have the whole world telling them to 'monetize' the debt -- if the average Japanese person has a brain, they will buy gold. I don't know what the Japanese government will do, but they want a more stable currency regime, and what better way to move in that direction than to print yen and buy gold? They have the current account surplus on their side -- I would not be surpirsed to see them use their trade position to build their gold position.

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