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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: IngotWeTrust who wrote (11011)	5/1/1998 3:20:00 PM
From: philv	Read Replies (3) of 116764

O/49: The following article posted on the Kitco forum will be of interest to you and others following the Euro. Germany, forced by England and France into agreeing to terms and fast-tracking Maastricht. kitcomm.com While on the subject, I have become neutral or even pessimistic about Monday's meeting and its implications for gold. Firstly, the new head honcho will be the present chief of the Belgium C.B. Belgium just sold most of their gold. What does that say about his commitment to gold as monetary reserve? Secondly, the only country that I know of who hasn't talked down gold is France. Germany, England, Dutch, Belg. Swiss, etc. have all made anti-gold statements recently. (Including some members of the Fed. Reserve). The Europeans have been big sellers for a year now. I won't be surprised if they announce minimum gold reserves (10%), rather than the hoped for maximum (30%). The market is telling us that now. Hope I am wrong. Any comments? P.s. markets up, gold down. That's how it should be!? usatoday.com Phil

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