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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: goldsnow who wrote (14031)	7/1/1998 9:03:00 PM
From: PaulM	Read Replies (1) of 116796

Goldsnow, the Euro is a bit of an enigma to me. Re: Germans: I've had a good deal of correspondence with people in Germany lately, and as best as I can tell, sentiment is very ANTI-euro. The feeling is Germany gave up its DM for who knows what. So Kohl--feeling his party may be in trouble--has to ensure that the Euro is viewed as stable as possible. Re: France: would like to step in as a counterbalance to the U.S. everwhere. In the Middle East, militarily, etc. They probably see gold and a Euro reserve currency with france playing a Key role is a nice way to screw the Americans. Re: Duisenberg's statement (and maybe the Dutch), baffling. Why shouldn't the euro compete with the $ as a reserve currency? Does this sentiment have anything to do with Dutch gold sales?

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