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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)3/26/1998 12:20:00 PM
From: CLK  Read Replies (2) of 3335
 
Off topic: This weekend the Italian Central Bank head said that he thought the Euro would be a strong currency, specifically, that the Italians held 23-30% gold reserves and he expected the Euro to be something akin to that. So now the Germans, French and Italians have come down on the side of a high gold backing which as I understand it represents 72% of the vote. Gold seems to be firming today and, of course, there is a huge gold short/forward position out there already, the largest in history. I know you disagree with me, and I know you are in a position to know more intimately what is going on in Europe. However, there does seem to be mounting evidence or at least a series of high level hints that they may spring a golden trap on the US dollar. Your comments as always will be appreciated. I find this debate quite helpful since it is important to understand the macroeconomic forces that effect the markets.
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