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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v)
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To: Henry Volquardsen who wrote (1593)3/5/1998 2:59:00 PM
From: Chip McVickar  Read Replies (1) of 3335
 
**OFF TOPIC** to Henry and CLK

I've been following at some distance the ECU....and would agree with
you Henry up until this last Asian currency crisis.
Please read an earlier post of mine.
207.183.153.73

These last serious devaluations against a stronge dollar has got to be
bothering the new european central bank governors....especially after
the earlier problems with Italy and Spain. This new floated currency
needs to be stronge or the whole concept of creating a "dollar competive
currency" along with creating freer trade in europe is a waist of their time.

It is still possible that the US dollar and bonds are in for a surprize
with the introduction of a basket of commodities as the foundation for
the new central bank. It could still happen if not right away.

Another indication of this may have potentially come from Buffet and his
purchase/delivery of silver. It is possible that this move was also to
support and hedge his Berkshire against instability of currencies.
This purchase was not just for a quick trade....otherwise he would have
leased the **stuff**.

Buffet could never have announced such a positioning.....

Also don't forget the recent purchases by Soros of Silver Mines and
a large position in Seven Seas Petroleum.
All very interesting
What do you two think..?
Chip


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