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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Alex who wrote (34626)	5/29/1999 5:46:00 PM
From: PaulM	Read Replies (2) of 116789

Yen Carry Traders in Trouble prudentbear.com If yen carry traders are suffering because of a weak US bond market, you can bet gold carry traders would be too. It's a good thing the BOE anouncement came when it did or I might start wondering how that carry would resolve itself--especially since gold, unlike yen, cannot be created our of nothing.

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