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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%4:00 PM EST
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To: Alex who wrote (14026)7/1/1998 7:55:00 PM
From: goldsnow  Read Replies (1) of 116796
 
"Rebutting Mr. Duisenberg's insistence that the euro must not compete
with the dollar as the world's leading reserve currency, Mr. Kohl said
that it already is gaining credibility throughout the world as an
alternative to the dollar."

"A compromise was reached when French officials said that Mr. Duisenberg
had agreed to step down halfway through his eight-year term in favor of
a French successor. But since then, Mr. Duisenberg has balked at setting
a firm date for his retirement"

Do you sense perhaps a growing annoyance or power struggle behind the the happy facade (Euro mess is not going to be easy-can't see
France agreeing to less than 20% Gold)
Re-iterating Gold $350-380 by year-end :)
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