Golden Eagle Int. (MYNG) Message Board

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Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

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To: Jackel who wrote (20065)	7/23/1999 11:38:00 AM
From: MilesM	Read Replies (1) of 34075

Jackel, To be quite honest with you I can't even remember how the gold slump began. I remember something about Australia selling off their reserves, then Switzerland, then the World Bank or IMF and now London. Mind you I guess you can interchange World Bank and IMF with Washington. From what you are saying I gather you are implying that the ruling elite in Washington has come to the realization that GE has so much gold that it will rock the world. AS such price of gold will drop and devalue many currencies around the world which are pegged to gold. But, if these countries get paranoid before GE get going, they will all sell their gold prematurely and depend more on the US dollar. Thus, they will be somewhat insulated from a massive slump. I don't know Jackel, sure GE is likely sitting on a whole slue of gold but I don't think they can rock the world markets, I'd be happy if they can rock Sabrina's back yard. JMHO Miles

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