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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: long-gone who wrote (13851)6/27/1998 11:47:00 AM
From: Eashoa' M'sheekha  Read Replies (2) of 116796
 
What Will Start The Move?

We(I) have been waiting for the ECB to give full clarification on the
role of gold in the ECB,the actual percentage,and the nature to which
individual countries will be expected to deal with their own holdings.
This is and was STILL the MAIN reason for gold's decline,and so it
will be for it's return.Funny thing is......few appear focused on this
anymore...in North America anyway.Seems the press has done a very good
job in distracting away from the importance of this.The EURO comes
into EXISTANCE on JULY 1st,1998.IT was anticipated,or at least hoped
for,that the questions overhanging the gold market would be answered
by this time,yet little if anything is being reported on this singular
event that may see a completely new gold market emerge.Everyone's
attention is being diverted to the Asian and Russian currency crises.
Surely makes one wonder who is really calling the shots in todays
journalistic jingoisms.They either underestimate the significance or
are being blindsided.Pick yer choice.Back tomorrow maybe.

Taurus
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