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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Abner Hosmer who wrote (9638)	4/9/1998 12:41:00 AM
From: IngotWeTrust	Read Replies (1) of 116796

Good point about the confusion, Tom. The EU is the NEW CURRENCY to which I thought you were referring. If you were referring to the clump of US Dollars currently on deposit OVERSEAS inorder to facilitate global trade, then maybe we should start to call those the Euro$. And where did you get the idea the Euro$ could NOT be repatriated? The collection of US$ on deposits anywhere are always in a state of flux. That flux-the very ebb and flow of US$ on deposit overseas-is what those who are playing futures on the Eurodollars are speculating on. Fascinating deriative of US$ wouldn't you agree? If there was a futures contract on the deposits of DM on deposit globally outside of Germany they'd probably be known as Bundos. If there was a futures contract on the deposits of Yen on deposit globally outside of Japan, they'd probably be known as Yenos If there was a futures contract on the deposits of Fr. Francs on deposit globally outside of France, they'd probably be known as Franco Spaghetti-Os...<grin>

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