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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Wizzer who wrote (11202)	5/4/1998 12:36:00 AM
From: philv	Read Replies (1) of 116814

Wisam: I hope you're right, and doubt if you will get any argument on this thread about gold/stability. However, most people have not made this connection, and the urgency for gold has thus far been continually blunted. Gold is a non-issue for most "smart" people. Anyway my understanding is that regardless of ECB gold reserve, they will in effect control whatever is not transferred to them by the member country C.Bs, which effectively results in gold reserves as the sum total of all eleven member countries. Perhaps others have a better understanding. Phil

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