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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (3235)	11/17/1997 12:51:00 PM
From: Bucky Katt	Read Replies (2) \| Respond to of 116824

The 8% rise in the Japanese market is based on the assumption that the govt. of Japan will bail out a just failed bank. Where will the yen come from? Taxes? no. Selling of some US bonds? Likely. Printing press money? Obviously. So, their market remains at least twice as overvalued as ours, and it goes up 8% based on nothing! They must be using spin doctors from the Clinton camp. You take all these seemingly random events and put them together, and you can see why they have to hold gold down, lest the dam breaks and a confidence crisis begins. Long gold is really starting to look like the place to be.