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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: PaulM who wrote (11081)	5/1/1998 6:46:00 PM
From: John Mansfield	Read Replies (2) of 116767

<< The nationality of the ECB head is irrelevant for all practical purposes (except, predictably, to the French). >> Paul, By most of the (political) leaders it IS an issue whether the new ECB head is a strong backer of a STRONG currency. Most of them think a strong currency can only be obtained by eliminating a lot of political influence of national governments. Traditionally, French government has had much more influence over CB monetary policy than Germany. Most of them view Mr. Duisenberg (former Dutch CB head) as a stronger backer than contender Mr. Trichet (current CB head in France). Nationality plays some role, after all, it seems. Regards, John

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