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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Richnorth who wrote (989)	1/2/1998 9:40:00 AM
From: Don Green	Respond to of 1756

"too biased" No, but nothing new in this newsletter. All of these comments have been stated for years... Japan will fail, I doubt it.. Will they have more serious problems YES. Will the dollar continue to rise, for awhile until the trade problems demand that is get weaker. Will Asia recover this year partly. Will Gold go lower before going higher. Yes. Next target $250... Regards Don

To: Richnorth who wrote (989)	1/2/1998 11:39:00 AM
From: philv	Read Replies (2) \| Respond to of 1756

Richnorth: Kutyn's article re: Japan's financial problems Pretty sobering to read, but I wonder if Japan hasn't the strength to pull itself out. The Japanese are known savers and have been socking it away for many years, financing the debt of many nations. In the following article, it states that Japan holds a full 33% of the US public debt, totalling 2 trillion dollars. gold-eagle.com No doubt Japan will have to begin to seriously sell these holdings, thereby satisfying those who demand Japan to "inflate" or provide "liquidity" to their own economy and also to "strengthen" the Yen. The problem of course will then be passed on to our shores! Either way this debt problem keeps rearing its ugly head and spells big trouble. The Fixers will be getting large over-time cheques for a long time. Interesting battle to emerge: Japan & their US dollars vs. USA and their huge Japanese trade deficit. There is going to be lots of "hurtin" by the time this is resolved, but then, the Fixers have surprised us before! Hopefully there are no other surprises in the near future, like say an Arab oil embargo. That would really make things dicy. Phil