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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: lorne who wrote (35442)	6/16/1999 9:55:00 AM
From: John Hunt	Read Replies (2) of 116764

GOLD REPORT – The Great Gold Sale << Governments throughout the world are doing their utmost to devalue their currencies, both relative to the US Dollar and to the real things that money can buy. During the past few months both the British and Swedish Central Banks suffered momentary bouts of candor and expressed their desire to increase inflation. The British also announced the sale of 60% of their gold reserves, possibly to ensure that the Pound keeps pace with the falling Euro. Perhaps for the same reason the Swiss have removed the official link between the Franc and gold. Meanwhile, the European Central Bank has been conspicuously ambivalent regarding the fall in the Euro's exchange value. Strangely enough, gold continues to lead these currencies in a race towards zero ... more ... >> gold-eagle.com

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